Property prices for rent in Pascoe Vale (Victoria)

The rent prices in real estate in Pascoe Vale, in the Victoria region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$5,084
Average price last 6 months
$11.5
Price/m² last 6 months
Average price per m2

The price per m² in Pascoe Vale has had a strong fall during the last 6 months. In September, the average price per m² was $25.48. In October this price barely changed remaining at $25.48 per m². The price for the following two months in (November, December) had a considerable fall of 32 with regard to the previous two months. The price per m² has had a considerable fall of 5 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $16.81 to $0.86 during January, and February.

Average price

When referring to the price in Pascoe Vale (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $11,148. In October This price remains at $11,148. During the following two months (November, December) the average price had a considerable fall of 32 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $7,364.25 to $523.5, which means a 7 % fall.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $532 they are 26 % more affordable than the average price for Pascoe Vale . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $603.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.71 / m², with an average $0.85 / m² price in Pascoe Vale. The properties with the most expensive average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.93 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $532 it is 18 % more affordable than the average price in Pascoe Vale. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $434 it is 11 % more expensive than the average price.

According to the average cost per m², the most affordable property is "House" at an average price of $0.81 / m² followed by "Apartment" priced at $0.95 / m². "Apartment" is the most expensive type of property with a $0.95 / m² value followed by "House" with an average price of $0.81 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Pascoe Vale
Number of properties used in region Victoria
$532
$0.85
178
270,202
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value