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

Pascoe Vale South is an established inner-northern Melbourne suburb with quiet, tree-lined streets and a domestic scale that feels suburban rather than urban. Housing is largely interwar and postwar brick and weatherboard homes, many updated with extensions, alongside some low-rise units, and that mix attracts families, young professionals and downsizers. Local life centres on small shopping strips, neighbourhood parks and sports ovals, with everyday services and schools close by, and nearby train stations and major arterial roads make commuting straightforward.

The community numbers 10,534 people with a median age of 39, and families dominate the local mix: couple families with children make up 54.2% of families and together with couple families without children account for 85.2% of families. About three in four homes are owner-occupied. There has also been recent investment in active-transport and streetscape works, including safety and walking/cycling upgrades on Gaffney and Park streets, a permanent separated bike lane on Kent Road and further local bike-path and streetscape projects planned or completed.

In Pascoe Vale South the picture differs for buyers and renters when measured against what a typical local household earned at the last Census. A median house price of $1,212,500 works out to about 10.4 times a typical local annual household income at the last Census, which sits well above local incomes. For renters, the numbers are less stretched: the average house rent of $695 a week is about 30.9% of a typical local household's weekly income at the last Census, a sizeable share, while the average unit rent of $513 a week is about 22.9%, a moderate share. If you are renting rather than buying, that rent share is the more relevant figure for you.

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

There’s a clear split between the house and unit markets in Pascoe Vale South over the past year. Median house values rose 6.2%, a solid increase, while median unit values fell 22.3%, a sharp decline. On the rental side, house rents increased 6.9% and unit rents rose 2.6%.

For someone weighing Pascoe Vale South up as an investment, the value figures point to capital growth for houses but a large capital fall for units over the year, while the rent figures show houses delivered a solid lift in rental income and units a more modest rise. Whether that mix suits your goals depends on how you weigh capital movement versus rental income.

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.