Is Pascoe Vale a nice place to live?

Pascoe Vale has tree-lined streets of interwar cottages, postwar brick villas and pockets of contemporary townhouse infill. A village-style shopping strip on Pascoe Vale Road supplies cafés, takeaways and everyday shops, and Pascoe Vale station is on the Craigieburn line. Couples with children are the largest family group and most homes are owner-occupied, with a median age of 36. Public transport is centred on the station and local buses, parks and sporting ovals sit within easy reach of homes, and the upgraded community centre was completed, expanding its kindergarten and maternal and child health facilities and providing additional early childhood and kinder places.

Is it expensive to live in Pascoe Vale?

A typical household in Pascoe Vale earned about $2,025 a week at the last Census. On those figures, the median house price of $935,000 works out to about 8.9 times a typical local annual household income, and the median unit price of $606,000 is about 5.8 times annual income. For renters, the average house rent of $600 a week would take about 30% of that weekly household income, while the average unit rent of $520 a week would take about 26%. So buying a house sits at a higher multiple of local incomes than buying a unit, and renting a house would take a sizeable share of income while renting a unit is a more moderate share; which matters depends on whether you're renting or buying. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Pascoe Vale a good place to invest?

Over the last 12 months in Pascoe Vale, median house values rose 7.7%, median unit values rose 3.6%, house rents increased 1.2% and unit rents increased 4.0%. Put simply, for houses the rise in value was solid at 7.7% while house rents only edged up slightly by 1.2%, so capital growth outpaced rental income on houses. For units, values grew modestly by 3.6% while rents rose modestly by 4.0%, with rental income moving ahead of capital growth by a small margin. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Pascoe Vale suburb profile

Pascoe Vale is an inner-northern Melbourne suburb with a predominantly residential feel. Tree-lined streets host a mix of interwar cottages, postwar brick villas and pockets of contemporary townhouse infill, creating a low-rise neighbourhood character. A village-style shopping strip along Pascoe Vale Road supplies cafés, takeaways and everyday shops, while nearby parks and sporting ovals provide green space within easy reach of homes.

Public transport is anchored by Pascoe Vale station on the Craigieburn line, complemented by bus services along the main thoroughfares. The suburb presents an established, quietly suburban rhythm, where local amenities, parks and school catchments shape daily routines rather than rapid change.

Pascoe Vale property market performance

Current median dwelling price$770,500Past 3 months

Property growth+5.7%Past 12 months

Pascoe Vale's median house price is $935,000, up 7.7% over 12 months, a solid rise. The median unit price is $606,000, up 3.6% over 12 months, a modest rise. House values rose more strongly than unit values, and the median days on market were 37 for houses and 35 for units, so properties sold in much the same time.

In Pascoe Vale, house rents rose 1.2% over 12 months, a slight increase; house values rose at a stronger pace, so values ran ahead of rents.

	Houses	Units
Median price Past 3 months	$935K	$606K
Change in value Past 12 months	7.7%	3.6%
Sold Past 3 months	87	27
Median days on market Past 12 months	37	35
Average rent Past 12 months	$600	$520
Change in rent Past 12 months	1.2%	4.0%

5 year median price trend for houses and units

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Pascoe Vale demographics

Pascoe Vale is a community where couples with children are the largest family group and most homes are owner-occupied.

The median age is 36 and the median household income is $2,025 a week. At the 2021 Census, 18,171 people lived in Pascoe Vale.

Pascoe Vale and Victoria

	Suburb	VIC
Median age years	36	38
Median household income weekly	$2,025	$1,759
Couples with children share of families	45.9%	45.5%
Couples without children share of families	37.3%	37.6%
One-parent families share of families	14.7%	15.2%
Homes owned outright share of homes	29.1%	33.2%
Homes with a mortgage share of homes	35.2%	37.3%
Homes rented share of homes	35.7%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Pascoe Vale infrastructure, key developments and investment opportunities

Pascoe Vale saw the upgraded Pascoe Vale Community Centre officially opened on 9 September 2024 after works that expanded its kindergarten and maternal and child health facilities, providing 59 early childhood and kinder places. Pascoe Vale Girls Secondary College also completed a major upgrade in 2024, delivering a new two-storey arts and technology centre that includes a new library.

In early 2023 Merri-bek City Council purchased a derelict site in Pascoe Vale South and set aside about 2,500 square metres to become a new public park. In 2025 the council’s revised 20-year projects list included several new neighbourhood parks for Pascoe Vale and upgrades to Rogers Reserve, noting a playground upgrade and an improved pedestrian link to the outdoor pool precinct.

Suburbs near Pascoe Vale

Some popular suburbs near Pascoe Vale include:

How does Pascoe Vale compare to nearby suburbs?

Median house prices: Pascoe Vale’s median house price is 2.2% higher than Oak Park’s.
Median unit prices: Pascoe Vale’s median unit price is 46.0% higher than Essendon North’s.
House price growth: Over the past 12 months, house prices in Pascoe Vale have grown 16.2% higher than in Strathmore.
Unit price growth: Over the past 12 months, unit prices in Pascoe Vale have grown 2.0% higher than in Strathmore.
Selling speed for houses: Properties in Pascoe Vale are selling 45.6% faster than in Strathmore.
Selling speed for units: Properties in Pascoe Vale are selling 50.7% faster than in Strathmore.
Investment considerations: In Pascoe Vale, the rental yield for house is 5.7% lower than the Melbourne average, while the rental yield for units is 12.6% lower.
House price growth: Over the past 12 months, house prices in Pascoe Vale have grown 8.2% lower than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Pascoe Vale have grown 8.2% higher than the average rate of growth for units across Melbourne.

Common questions about Pascoe Vale

Is Pascoe Vale a nice place to live?
Pascoe Vale has tree-lined streets of interwar cottages, postwar brick villas and pockets of contemporary townhouse infill. A village-style shopping strip on Pascoe Vale Road supplies cafés, takeaways and everyday shops, and Pascoe Vale station is on the Craigieburn line.

Couples with children are the largest family group and most homes are owner-occupied, with a median age of 36. Public transport is centred on the station and local buses, parks and sporting ovals sit within easy reach of homes, and the upgraded community centre was completed, expanding its kindergarten and maternal and child health facilities and providing additional early childhood and kinder places.
Is it expensive to live in Pascoe Vale?
A typical household in Pascoe Vale earned about $2,025 a week at the last Census. On those figures, the median house price of $935,000 works out to about 8.9 times a typical local annual household income, and the median unit price of $606,000 is about 5.8 times annual income. For renters, the average house rent of $600 a week would take about 30% of that weekly household income, while the average unit rent of $520 a week would take about 26%. So buying a house sits at a higher multiple of local incomes than buying a unit, and renting a house would take a sizeable share of income while renting a unit is a more moderate share; which matters depends on whether you're renting or buying.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Pascoe Vale a good place to invest?
Over the last 12 months in Pascoe Vale, median house values rose 7.7%, median unit values rose 3.6%, house rents increased 1.2% and unit rents increased 4.0%.

Put simply, for houses the rise in value was solid at 7.7% while house rents only edged up slightly by 1.2%, so capital growth outpaced rental income on houses. For units, values grew modestly by 3.6% while rents rose modestly by 4.0%, with rental income moving ahead of capital growth by a small margin.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Pascoe Vale

In Pascoe Vale ,150 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 26.0% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.54% and 2.94%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.