Is Pascoe Vale South a nice place to live?

Pascoe Vale South features small shopping strips, neighbourhood parks and community amenities such as Kelvin Thomson Park and Pascoe Vale South Primary School. The community is weighted towards couple families with children, who make up 54.2% of families, and reports incomes above the Victoria median. Local services, sporting grounds and community facilities are close at hand, road links and public transport connect to nearby centres, and the council has identified a Westgate Street neighbourhood park on its open-space projects list.

Is it expensive to live in Pascoe Vale South?

Buying a house in Pascoe Vale South sits well above local incomes on the available figures. The median house price of $1,208,500 is about 10.4 times a typical local annual household income, with a typical local household earning about $2,246 a week at the last Census. Rents give a different picture for renters. A house rent of $695 a week would take about 31% of that weekly income, a sizeable share, while a unit rent of $520 a week would take about 23%, a moderate share. If you're renting rather than buying, those rent shares are the number that matters; whether that feels expensive depends on your own income and circumstances. 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 South a good place to invest?

The most striking feature of Pascoe Vale South over the past 12 months is the split between houses and units: house values rose a solid 6.5% while house rents increased a solid 6.9%, whereas unit values fell sharply by 22.3% and unit rents rose a modest 2.0%. Put another way, rental income for houses edged up slightly more than house capital growth, while for units capital values fell far more than rents rose — unit rents rose only modestly compared with the large drop in unit values. 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 South suburb profile

Pascoe Vale South is an inner-northern Melbourne suburb with tree-lined streets and a quietly residential character. The housing mix includes interwar cottages, Californian bungalows and postwar brick homes alongside sympathetic modern infill, set on established allotments that give the area a settled, domestic feel.

Local life revolves around small shopping strips, neighbourhood parks and sporting grounds, with community facilities and schools close at hand. Road links and public transport options connect the suburb with nearby centres, while nearby green spaces offer regular recreation and weekend walking routes.

Pascoe Vale South property market performance

Current median dwelling price$941,750Past 3 months

Property growth-7.9%Past 12 months

Pascoe Vale South's median house price is $1.21 million, up 6.5% over the last 12 months, a solid rise. There is no reliable published median for units because too few unit sales occurred recently to calculate one. Over the last 3 months 48 houses changed hands, and the median days on market for houses was 44.

In Pascoe Vale South house rents averaged $695 a week and rose 6.9% over the last 12 months, a marked rise. Unit rents averaged $520 a week and rose 2.0% over the last 12 months; house rents rose faster than unit rents.

	Houses	Units
Median price Past 3 months	$1.21M	N/A
Change in value Past 12 months	6.5%	-22.3%
Sold Past 3 months	48	7
Median days on market Past 12 months	44	37
Average rent Past 12 months	$695	$520
Change in rent Past 12 months	6.9%	2.0%

5 year median price trend for houses and units

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Pascoe Vale South demographics

Pascoe Vale South reports incomes above the median for Victoria.

Couple families with children are the largest family group, at 54.2% of families, and 37.6% of homes are owned outright. At the 2021 Census 10,534 people lived in Pascoe Vale South.

Pascoe Vale South and Victoria

	Suburb	VIC
Median age years	39	38
Median household income weekly	$2,246	$1,759
Couples with children share of families	54.2%	45.5%
Couples without children share of families	31.0%	37.6%
One-parent families share of families	13.0%	15.2%
Homes owned outright share of homes	37.6%	33.2%
Homes with a mortgage share of homes	38.2%	37.3%
Homes rented share of homes	24.2%	29.5%

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

Pascoe Vale South infrastructure, key developments and investment opportunities

Pascoe Vale South's 'A Park Close to Home' site at Bell Street and Westgate Street was purchased by council in early 2023 for conversion to a neighbourhood park, with about 2,500 square metres set aside for new open space and demolition and subdivision scheduled for early 2024. Pascoe Vale South Primary School completed a staged upgrade in 2022, with Stage 2 delivering a school hall, support spaces and a new playground.

Kelvin Thomson Park's play-space upgrade was finished in 2018 and included new play equipment such as a flying fox. In 2025 the council's revised 20-year open-space projects list identified a program of local works for Pascoe Vale South, naming a Westgate Street neighbourhood park, a Parkside Boulevard upgrade and Morris Reserve playground improvements among other projects.

Suburbs near Pascoe Vale South

Some popular suburbs near Pascoe Vale South include:

How does Pascoe Vale South compare to nearby suburbs?

Median house prices: Pascoe Vale South’s median house price is 29.3% higher than Pascoe Vale’s.
Median unit prices: Pascoe Vale South’s median unit price is 9.8% higher than Coburg’s.
House price growth: Over the past 12 months, house prices in Pascoe Vale South have grown 5.1% higher than in Coburg North.
Unit price growth: Property prices in nearby Coburg have risen 13.9% more than in Pascoe Vale South over the past year.
Selling speed for houses: Properties in Pascoe Vale South are selling 35.3% faster than in Strathmore.
Selling speed for units: Properties in Pascoe Vale South are selling 47.9% faster than in Strathmore.
Investment considerations: In Pascoe Vale South, the rental yield for house is 9.3% higher 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 South have grown 20.0% higher than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Pascoe Vale South have grown 8.6% lower than the average rate of growth for units across Melbourne.

Common questions about Pascoe Vale South

Is Pascoe Vale South a nice place to live?
Pascoe Vale South features small shopping strips, neighbourhood parks and community amenities such as Kelvin Thomson Park and Pascoe Vale South Primary School.

The community is weighted towards couple families with children, who make up 54.2% of families, and reports incomes above the Victoria median. Local services, sporting grounds and community facilities are close at hand, road links and public transport connect to nearby centres, and the council has identified a Westgate Street neighbourhood park on its open-space projects list.
Is it expensive to live in Pascoe Vale South?
Buying a house in Pascoe Vale South sits well above local incomes on the available figures. The median house price of $1,208,500 is about 10.4 times a typical local annual household income, with a typical local household earning about $2,246 a week at the last Census.

Rents give a different picture for renters. A house rent of $695 a week would take about 31% of that weekly income, a sizeable share, while a unit rent of $520 a week would take about 23%, a moderate share. If you're renting rather than buying, those rent shares are the number that matters; whether that feels expensive depends on your own income and circumstances.

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 South a good place to invest?
The most striking feature of Pascoe Vale South over the past 12 months is the split between houses and units: house values rose a solid 6.5% while house rents increased a solid 6.9%, whereas unit values fell sharply by 22.3% and unit rents rose a modest 2.0%.

Put another way, rental income for houses edged up slightly more than house capital growth, while for units capital values fell far more than rents rose — unit rents rose only modestly compared with the large drop in unit values.

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 South

Currently, there are 88 real estate agents working in Pascoe Vale South—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 88 agents sold 28.2% of all properties in Pascoe Vale South over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Pascoe Vale South typically charge a commission of 1.54% to 2.94%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.