All About Pascoe Vale South, Moreland, VIC, 3044

Pascoe Vale South, a charming suburb in the City of Moreland, Victoria, offers a dynamic mix of residential options that cater to diverse housing needs. The housing market in this area has seen substantial growth over recent years, driven by its proximity to Melbourne's CBD, making it an attractive destination for both families and professionals. The suburb largely features a blend of period homes, such as classic Californian bungalows and post-war houses, alongside modern townhouses and apartments. This mix provides potential buyers and renters with a myriad of choices, although the competitive market has seen property values rise steadily. Public transport accessibility, with several nearby train stations and well-connected bus routes, adds to the appeal, making commuting straightforward and adding to the suburb’s desirability.

Living in Pascoe Vale South provides residents with a community-oriented atmosphere, characterized by tree-lined streets and ample green spaces, which are perfect for recreational activities and leisurely walks. The suburb is well-serviced with essential amenities such as schools, shopping centers, and healthcare facilities, contributing to a convenient and comfortable lifestyle. There is also a burgeoning local café and dining scene, offering a variety of options that cater to different tastes. The suburb’s family-friendly environment is enhanced by its numerous parks and playgrounds, which act as social hubs for residents of all ages. Cultural diversity adds to the vibrancy of the community, making Pascoe Vale South not just a place to live, but a place where residents can truly belong and thrive.

Pascoe Vale South Real Estate Market Outlook

Thinking about buying in Pascoe Vale South? Now could not be a better time, with 5051 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,431,000 with prices in this suburb ranging from $257,000 to $5,368,000. Pascoe Vale South is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Pascoe Vale South driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Pascoe Vale South ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Pascoe Vale South provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Pascoe Vale South necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Pascoe Vale South we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Pascoe Vale South a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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