pascoe vale south

3044, Victoria

Real Estate & Property Information

Median
Price Rank
163

pascoe vale south Suburb Profile & Review

Pascoe Vale South is a family-centric suburb full of terrific parks and wide open spaces. The intersection of Bell Street and Melville Road provides residents with a number of shops, food stores and a supermarket. The corner of Melville and Moreland Roads is also a popular shopping and eating area.

Pascoe Vale South Primary is on Reynard Street; while just over Bell Street in neighbouring Pascoe Vale you will find Pascoe Vale Primary and Pascoe Vale Girls College. Almost the entire suburb has the luxury of being located within the coveted Strathmore Secondary School zone.

The Moonee Ponds Creek Trail is located to the west of the suburb and provides cyclists with a bike path for recreational and commuting purposes. The Tullamarine Freeway runs along the western edge of the suburb, and the Craigieburn line is situated just to the west in neighbouring Essendon, where Strathmore Station whisks passengers to the city in twenty minutes. Tram route 55 provides easy public transport into the city along Melville Road, and six individual bus routes service the area as well.

pascoe vale south Demographic Data

$ 610,000 Median House Price

17 Minutes Average Commute

38 Median Age

9,533 Population

50.49 % Female

49.51 % Male

2529 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in pascoe vale south, Victoria.

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pascoe vale south Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

pascoe vale south Median House Prices

  • 2008 $ 457,750
  • 2009 $ 501,501
  • 2010 $ 552,000
  • 2011 $ 661,000
  • 2012 $ 610,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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pascoe vale south 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in pascoe vale south have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term pascoe vale south property price predictions.

pascoe vale south Market Property Types

  • 88 % Seperate House
  • 8 % Semi Detached
  • 4 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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pascoe vale south Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

pascoe vale south Income & Mortgage Stats

  • $ 1,432 Median Weekly Household Income
  • $ 1,952 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in pascoe vale south

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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pascoe vale south Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

pascoe vale south Sold Property Prices

pascoe vale south Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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pascoe vale south Restaurants

  • La Botte Pizza House221 Melville Roadpascoe vale south VIC 304403 9354 8813
  • Atami Japanese RestaurantShop 9/418 Bell St pascoe vale south VIC 304403 9350 3696

pascoe vale south Schools

  • Antonine College St. Josephs Campus71 Grandview Avenuepascoe vale south VIC 3044(03) 9354 1377Catholic Secondary School
  • St. Fidelis Senior Campus Primary SchoolWoodland Street and Langtree Avenuepascoe vale south VIC 3044(03) 9383 3600Catholic Primary School
  • Pascoe Vale South Primary School411-429 Reynard Streetpascoe vale south VIC 3044(03) 9386 4301State Primary School

pascoe vale south Childcare

  • Coburg & Pascoe Vale Sth CCC236 Melville Rdpascoe vale south VIC 3044
  • Mary Poppins Child Care Centre656 Bell Streetpascoe vale south VIC 3044

pascoe vale south Kindergarten and Preschools

  • Brentwood Kindergarten36 Brentwood Avenuepascoe vale south VIC 3044
  • Doris Blackburn Preschool Centre3 McKeon Avenuepascoe vale south VIC 3044
  • Pascoe Vale South Uniting Kinder35A Westgate Streetpascoe vale south VIC 3044

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