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Pearcedale suburb profile

Pearcedale is a charming rural suburb located in Victoria, approximately 50km southeast of Melbourne's CBD. Known for its tranquil atmosphere and strong community spirit, Pearcedale offers a peaceful retreat from the hustle and bustle of city life. The suburb is surrounded by lush farmland and natural reserves, making it ideal for those who appreciate nature and outdoor activities. Pearcedale features a local shopping village, schools, and community facilities, catering to the needs of its residents. Its blend of rural charm and modern amenities makes Pearcedale an attractive choice for families and individuals seeking a serene lifestyle.

Pearcedale property market performance

Pearcedale's property market has remained stable over the past 12 months, with no change in median house or unit values. The median house price and unit price both stand at $0, indicating a lack of recent sales data for units. Over the past three months, 6 houses have been sold, with houses spending a median of 16 days on the market, suggesting a brisk pace for house sales.

The rental market in Pearcedale has also shown no significant movement, with the average rent for houses remaining at $590 over the last 12 months. There is no available data for unit rentals, reflecting the absence of unit sales and rental activity in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-5.3%N/A
Sold
Past 3 months
6N/A
Median days on market
Past 12 months
16N/A
Average rent
Past 12 months
$590N/A
Change in rent
Past 12 months
-11.9%N/A

5 year median price trend for houses and units

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Pearcedale demographics

Pearcedale, a charming suburb located in Victoria, offers a serene lifestyle with a strong sense of community. With a population of 3,867, it is a close-knit area that appeals to families and those seeking a peaceful environment. The median age of 41 suggests a mature community, with many residents likely enjoying the balance of rural charm and suburban convenience.

The suburb is predominantly family-oriented, with 46.8% of households being couple families with children, and 39.8% being couple families without children. This indicates a strong family presence, supported by local amenities and a community-focused lifestyle. One-parent families make up 11.3% of the population, adding to the suburb's diverse family dynamics.

Property ownership in Pearcedale is notably high, with 37.9% of homes owned outright and 52.3% owned with a mortgage. This reflects a stable housing market and a community invested in long-term residency. Only 9.8% of properties are rented, highlighting the suburb's appeal to those looking for permanent roots. The median total household income of $2,009 per week suggests a comfortable standard of living, making Pearcedale an attractive option for families and individuals seeking a tranquil yet connected lifestyle.

Pearcedale infrastructure, key developments and investment opportunities

Pearcedale benefits from its semi-rural character while still enjoying improved regional connectivity via Peninsula Link, EastLink and key arterial roads, which enhances access to employment hubs and coastal amenities and supports buyer demand.[5] Local amenities such as the primary school, medical services, childcare, wellness centre and proximity to Frankston and Casey hospitals underpin the suburb’s appeal for families seeking a village feel with reasonable access to services.[5] Easy access to Western Port, nearby beaches, watersports and the Moonlit Sanctuary wildlife attraction also adds to lifestyle desirability, which can help sustain long-term property values.[5]

There are currently no widely reported major new transport, school or large-scale commercial redevelopment projects specific to Pearcedale, so near-term market impacts are more likely to stem from broader regional infrastructure and planning in the City of Casey and Mornington Peninsula Shire.[7] Any future strategic planning that increases bus frequencies to Frankston or further upgrades surrounding road networks would likely improve commuter convenience and could gradually boost demand for housing in Pearcedale.[5]

Pearcedale rental market trends

The rental market in Pearcedale has remained stable over the past year, with house rents holding steady at $590 per week. There is no data available for unit rents, indicating a potential lack of unit rental properties in the area. Pearcedale offers a consistent rental environment, appealing to those seeking a suburban lifestyle with steady rental prices.

Suburbs near Pearcedale

Some popular suburbs near Pearcedale include:

How does Pearcedale compare to nearby suburbs?

  • Median house prices: Pearcedale’s median house price is 9.9% higher than Somerville’s.
  • House price growth: Over the past 12 months, house prices in Pearcedale have grown 1.2% higher than in Cranbourne South.
  • Selling speed for houses: Properties in Pearcedale are selling 42.9% faster than in Somerville.
  • House price growth: Over the past 12 months, house prices in Pearcedale have grown 12.4% lower than the average rate of growth across Melbourne.

Common questions about Pearcedale

  • Is Pearcedale a nice place to live?

    Pearcedale is a delightful suburb that offers a serene and peaceful lifestyle, making it a wonderful place to live. Nestled in a rural setting, it provides a tranquil escape from the hustle and bustle of city life while still maintaining a strong sense of community. The suburb is known for its lush surroundings and natural beauty, which are perfect for families and individuals who enjoy outdoor activities and a connection to nature. The local shopping village, schools, and community facilities cater to the everyday needs of residents, ensuring convenience without sacrificing the charm of rural living.

    Families will find Pearcedale particularly appealing due to its family-oriented atmosphere and the availability of essential amenities such as schools and medical services. The suburb's proximity to Frankston and Casey hospitals further enhances its attractiveness for those seeking a village feel with reasonable access to services. Safety is generally not a concern, and the community spirit is strong, making it a welcoming environment for families of all sizes.

    However, living in Pearcedale does come with some trade-offs. While the suburb offers a peaceful retreat, it lacks the nightlife and entertainment options found in more urban areas. Additionally, there are currently no major new transport or commercial redevelopment projects specific to Pearcedale, which means that residents may need to rely on broader regional infrastructure for commuting and access to larger shopping and entertainment hubs. Despite these trade-offs, Pearcedale's blend of rural charm and modern amenities makes it an attractive choice for those seeking a serene lifestyle with a strong community feel.

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  • Is it expensive to live in Pearcedale?

    Living in Pearcedale may not be as expensive as some of the more urban areas in Victoria, but it still requires a decent income to maintain a comfortable lifestyle. With the median total household income sitting at $2,009 per week, or about $104,000 annually, Pearcedale's income levels are quite reasonable when compared to other suburbs. However, the absence of current median house and unit prices makes it challenging to gauge the exact cost of purchasing property in the area.

    Renting a house in Pearcedale comes with an average cost of $590 per week. While this may seem steep, it's important to consider that Pearcedale offers a more rural lifestyle compared to bustling city suburbs. This could mean more space and potentially a better quality of life for those who prefer a quieter environment. Overall, while Pearcedale's rental prices might be on the higher side, the income levels suggest that living here is manageable for those earning around the suburb's average income.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Pearcedale a good place to invest?

    Pearcedale presents a unique opportunity for investors who are looking for stability in their real estate portfolio. Over the past year, the suburb has experienced no change in median house and unit values, as well as rental prices. This stability can be appealing for those who prefer a predictable market without the volatility seen in other areas.

    While the lack of growth might seem concerning at first glance, Pearcedale's steady market can be seen as a sign of resilience, especially in uncertain economic times. The suburb offers a peaceful, semi-rural lifestyle that attracts families and individuals seeking a quieter environment away from the hustle and bustle of city life. This consistent demand for housing can provide reliable rental income for investors.

    In addition, Pearcedale's community-focused atmosphere and proximity to natural attractions make it a desirable place to live, which can help maintain steady demand for properties. While it may not offer rapid capital growth, Pearcedale's stability and lifestyle appeal make it a solid choice for investors seeking long-term, low-risk opportunities.

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Choose the right real estate agents in Pearcedale

Choosing the right real estate agent in Pearcedale can have a big impact on your sale. While there are 24 real estate agents working in the suburb, but just 5 of them were responsible for 58.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.13% to 2.71%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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