Get a property report and suburb profile for any property in Pascoe Vale

Pascoe Vale is a well-established residential suburb in Melbourne’s northern suburbs, with tree-lined streets and a mix of period weatherboard cottages and Californian bungalows, mid-century brick homes and more recent townhouses. The community of 18,171 people has a median age of 36 and a median household income of $2,025 a week, roughly $105,300 a year. Families make up the bulk of households, with couple families with children 45.9% and couple families without children 37.3%, and homes are mostly owner-occupied (29.1% owned outright, 35.2% with a mortgage) while 35.7% of dwellings are rented.

Day-to-day life centres on a village-style shopping strip with cafes, grocers and everyday services, supported by neighbourhood parks, sporting grounds and community facilities. The suburb serves commuters with a local train station, regular buses and easy access to main roads, and has seen targeted pedestrian and cycling improvements around the station including safer crossing upgrades on Gaffney Street, widened footpaths, bike lane markings and a 40 km/h limit. Shore Reserve Oval is a council priority for sporting upgrades and recent school refurbishment grants have gone to local primary schools and Pascoe Vale Girls Secondary College. Whether Pascoe Vale suits you will come down to what you want from a suburb.

Buying and renting tell different stories in Pascoe Vale. A typical local household earned about $2,025 a week at the last Census, or $105,300 a year. With a median house price of $957,000, buying a house works out to about 9.1 times a typical local annual household income at the last Census, which sits well above local incomes. The median unit price of $601,000 is about 5.7 times annual household income, which is somewhat above local incomes.

On the rental side, house rent of $600 a week would take about 29.6% of a typical local household's weekly income at the last Census (just under a third), while unit rent of $520 a week would take about 25.7%. On these figures renting looks the more moderate option compared with buying, but whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The standout movement over the past year in Pascoe Vale was a strong 10.5% rise in median house values, while median unit values rose a more modest 4.3%. On the rental side, house rents edged up slightly by 0.8% and unit rents grew modestly by 4.0%.

For an investor, those figures point to different strengths: house ownership has delivered stronger capital growth over the year, while units showed more balanced gains between price and rental income. If rental income is your priority, unit rents increased more than house rents; if capital growth is your focus, houses were the stronger performer. Whether that pattern suits you depends on your goals and circumstances.

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.