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Sales Activity
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Population
Pascoe Vale lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Pascoe Vale's population was around 18,534 as of November 2025. This reflected an increase of 1,320 people since the 2021 Census, which reported a population of 17,214 people. The change was inferred from the estimated resident population of 18,434 from the ABS as of June 2024 and an additional 204 validated new addresses since the Census date. This level of population resulted in a density ratio of 4,003 persons per square kilometer, placing Pascoe Vale in the top 10% of national locations assessed by AreaSearch. The area's 7.7% growth since the 2021 census exceeded the SA3 area's 7.0%, indicating it was a growth leader in the region. Population growth was primarily driven by overseas migration, contributing approximately 72.9% of overall population gains during recent periods.
AreaSearch adopted ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilised the VIC State Government's Regional/LGA projections released in 2023, adjusted using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group were applied across all areas for years 2032 to 2041. Based on these trends and statistics, exceptional growth was predicted over the period, with Pascoe Vale expected to increase by 9,056 persons to 2041 based on the latest population numbers, recording a gain of 48.3% in total over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Pascoe Vale among the top 25% of areas assessed nationwide
Pascoe Vale has averaged approximately 132 new dwelling approvals annually over the past five financial years, totalling 663 homes. As of FY-26, 37 approvals have been recorded. The average population increase per year for each dwelling built in Pascoe Vale between FY-21 and FY-25 was 0.7 people. This suggests that new supply has kept pace with or exceeded demand, providing ample buyer choice and creating capacity for population growth beyond current forecasts.
The average construction value of new properties is $370,000. In the current financial year, there have been $425,000 in commercial approvals, indicating a predominantly residential focus compared to Greater Melbourne. Pascoe Vale records elevated construction activity, with 12.0% more per person than the regional average over the past five years. This preserves reasonable buyer options while sustaining existing property demand. New development consists of 22.0% detached houses and 78.0% attached dwellings, reflecting a trend towards denser development to provide accessible entry options for downsizers, investors, and entry-level buyers.
This marks a significant shift from the current housing mix of 48.0% houses, likely due to reduced availability of development sites and shifting lifestyle demands and affordability requirements. With around 118 people per dwelling approval, Pascoe Vale exhibits characteristics of a growth area. Future projections indicate that Pascoe Vale will add approximately 8,956 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.
Frequently Asked Questions - Development
Infrastructure
Pascoe Vale has strong levels of nearby infrastructure activity, ranking in the top 30% nationally
Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 17 projects that could impact this region. Notable initiatives include Coburg Health and Community Services Precinct, 299 Pascoe Vale Road Mixed-Use Development, Fame Apartments, and Northumberland Road Social Housing Development. The following list outlines those projects most likely to be relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Coburg Health and Community Services Precinct
A comprehensive campus-style health and community services hub delivered by Coburg Health Hub Pty Ltd. It will include community health services, aged care/retirement living, childcare/early learning, a private hospital, a medical centre, and mental health facilities. Over 50% of services will be provided by not-for-profit and community providers such as Merri Health. The project requires the refurbishment of the heritage-listed Bluestone Cottage complex, which will be retained by Merri-bek Council, and the creation of a new historic garden.
Assembly Broadmeadows
Redevelopment of the former Ford Broadmeadows manufacturing site into a large-scale mixed-use industrial and commercial precinct. Includes advanced manufacturing, logistics and warehousing facilities, office spaces, convenience retail, supermarket, gym, childcare, and a hotel. Features a 14 MW on-site renewable energy system and is expected to create approximately 5,000 jobs.
Coburg North Village and Lincoln Mills Redevelopment
Redevelopment of the former Lincoln Mills industrial site into the Coburg North Village neighbourhood shopping centre and adjoining homemaker and bulky goods precinct. The project has delivered a Coles anchored retail centre with specialty shops, medical and health services, and improved pedestrian links to Batman Station, Coburg Lake Reserve and the Upfield shared path.
Oak Park Sports and Aquatic Centre Redevelopment
Major $42.5 million redevelopment of the existing Oak Park Sports and Aquatic Centre including a new 25m indoor pool, learn-to-swim pool, warm water program pool, spa/sauna/steam facilities, expanded gym, and multi-purpose community spaces.
299 Pascoe Vale Road Mixed-Use Development
Multi-stage mixed-use development embracing the 20-minute neighbourhood concept. Stage 1 includes 6-storey mixed-use building with 25,000sqm retail, supermarkets, cinema, entertainment facilities, premium gym, medical centre, veterinary centre, childcare centre, and 20,000sqm car parking. Stage 2 features 2 residential buildings ranging from 7 storeys facing Pascoe Vale Road to 11 storeys facing rail corridor. The development includes green plaza, sustainable elements like solar PV, rainwater harvesting, and EV charging stations.
Strathmore Village
Strathmore Village is a completed master planned mixed use precinct in Strathmore, VIC. The project delivers around 180 luxury apartments and townhouses above and around a Woolworths anchored neighbourhood shopping centre with specialty retail, dining and local services, creating a new local hub next to Strathmore train station.
M-City 2 - Oak Park
Large-scale mixed-use precinct by Schiavello Group featuring up to 650 apartments across multiple buildings, ground-floor retail and hospitality, and significant public realm improvements directly opposite Oak Park Station.
Napier Park Masterplan and Community Hub
Program of works to protect and enhance Napier Park's heritage Plains Grassy Woodland and improve local community facilities in the Loeman Street precinct. Recent stages have focused on stormwater harvesting and a new vegetated swale to support the river red gums and improve water quality before flows reach Five Mile Creek and Moonee Ponds Creek. Future stages are expected to deliver further landscape upgrades, paths and open space improvements that support a future community hub and early years facilities for nearby families.
Employment
AreaSearch analysis places Pascoe Vale well above average for employment performance across multiple indicators
Pascoe Vale has a highly educated workforce with professional services well represented. Its unemployment rate was 3.0% as of the past year.
Employment growth in this period was estimated at 4.3%. As of June 2025, 11,326 residents are employed, with an unemployment rate of 1.6% below Greater Melbourne's rate of 4.6%. Workforce participation is similar to Greater Melbourne's (68.1% vs. 64.1%).
Key industries for employment among residents include health care & social assistance, education & training, and professional & technical services. The area specializes in public administration & safety, with an employment share 1.4 times the regional level, but manufacturing shows lower representation at 5.7% compared to the regional average of 7.2%. Employment opportunities locally may be limited as indicated by the Census working population vs resident population count. Over a 12-month period ending in May 2025, employment increased by 4.3%, labour force also rose by 4.3%, with unemployment remaining essentially unchanged. In comparison, Greater Melbourne recorded employment growth of 3.5% and unemployment rising by 0.5 percentage points. National employment forecasts from Jobs and Skills Australia project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Pascoe Vale's employment mix suggests local growth of approximately 6.8% over five years and 13.8% over ten years, though this is a simple extrapolation for illustrative purposes only.
Frequently Asked Questions - Employment
Income
Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch
Pascoe Vale had a median taxpayer income of $62,451 and an average of $76,127 according to AreaSearch's aggregation of postcode level ATO data for the financial year 2022. Nationally, these figures are high, contrasting with Greater Melbourne's median income of $54,892 and average income of $73,761. By September 2025, estimates based on a 12.16% Wage Price Index growth since financial year 2022 would be approximately $70,045 (median) and $85,384 (average). According to the 2021 Census, incomes in Pascoe Vale cluster around the 70th percentile nationally. Distribution data shows that 33.8% of locals (6,264 people) fall into the $1,500 - 2,999 income category, similar to the broader area where 32.8% occupy this range. High housing costs consume 15.5% of income, but strong earnings place disposable income at the 67th percentile nationally. The area's SEIFA income ranking places it in the 7th decile.
Frequently Asked Questions - Income
Housing
Pascoe Vale displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region
Pascoe Vale's dwelling structures, as per the latest Census, consisted of 48.2% houses and 51.8% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 62.8% houses and 37.2% other dwellings. Home ownership in Pascoe Vale stood at 29.6%, with mortgaged dwellings at 34.9% and rented ones at 35.5%. The median monthly mortgage repayment was $2,100, exceeding Melbourne metro's average of $2,000. Median weekly rent in Pascoe Vale was $400, higher than Melbourne metro's $381. Nationally, Pascoe Vale's mortgage repayments were significantly higher than the Australian average of $1,863, while rents exceeded the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Pascoe Vale features high concentrations of group households, with a lower-than-average median household size
Family households account for 67.1% of all households, including 31.4% couples with children, 24.2% couples without children, and 10.1% single parent families. Non-family households make up the remaining 32.9%, with lone person households at 28.5% and group households comprising 4.5%. The median household size is 2.4 people, which is smaller than the Greater Melbourne average of 2.6.
Frequently Asked Questions - Households
Local Schools & Education
The educational profile of Pascoe Vale exceeds national averages, with above-average qualification levels and academic performance metrics
Educational attainment in Pascoe Vale is notably high, with 40.2% of residents aged 15 and above holding university qualifications, surpassing the SA4 region's 27.7% and Australia's average of 30.4%. Bachelor degrees are most prevalent at 26.2%, followed by postgraduate qualifications (10.0%) and graduate diplomas (4.0%). Vocational credentials are also prominent, with 27.2% of residents holding such qualifications, including advanced diplomas (11.1%) and certificates (16.1%). Educational participation is high, with 28.7% of residents currently enrolled in formal education, comprising 9.0% in primary, 6.4% in tertiary, and 6.3% pursuing secondary education.
Pascoe Vale's five schools have a combined enrollment of 2,401 students, serving the area's educational needs with balanced opportunities (ICSEA: 1044). The area has four primary and one secondary school, with a school capacity that exceeds typical residential needs, indicating it serves as an educational center for the broader region.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
The Pascoe Vale public transport analysis shows 71 active stops in operation, all of which are bus services. These stops are covered by seven different routes that together facilitate 5054 weekly passenger trips. Transport accessibility is deemed excellent, with residents on average situated 167 meters away from the nearest stop.
The service frequency averages 722 trips daily across all routes, resulting in approximately 71 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
The level of general health in Pascoe Vale is notably higher than the national average with prevalence of common health conditions low among the general population though higher than the nation's average across older, at risk cohorts
Pascoe Vale exhibits above-average health outcomes with a lower prevalence of common health conditions among its general population compared to national averages. However, among older, at-risk cohorts, these rates are higher.
The rate of private health cover in Pascoe Vale is notably high at approximately 58% of the total population (10,712 people), compared to 52.5% across Greater Melbourne. Mental health issues and asthma were found to be the most common medical conditions in the area, affecting 8.0 and 7.9% of residents respectively. A significant majority, 71.9%, declared themselves completely clear of medical ailments, which is slightly lower than the 72.2% reported across Greater Melbourne. As of a specific date (not specified), 13.8% of Pascoe Vale's residents were aged 65 and over, totaling 2,566 people. Health outcomes among seniors in the area present some challenges that require more attention than those of the broader population.
Frequently Asked Questions - Health
Cultural Diversity
Pascoe Vale is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Pascoe Vale has a high level of cultural diversity, with 31.4% of its population born overseas and 34.9% speaking a language other than English at home. Christianity is the predominant religion in Pascoe Vale, making up 49.5% of the population. While Islam is present at 8.3%, this is significantly lower than the Greater Melbourne average of 17.6%.
The top three ancestry groups are Australian (16.7%), English (16.5%), and Italian (15.5%). Notably, Greeks are overrepresented in Pascoe Vale at 4.8% compared to the regional figure of 3.6%, while Lebanese are underrepresented at 2.7% versus a regional average of 4.2%. Maltese representation is equal to the regional average at 1.7%.
Frequently Asked Questions - Diversity
Age
Pascoe Vale's population is slightly younger than the national pattern
Pascoe Vale has a median age of 36 years, nearly matching Greater Melbourne's average of 37 years. This is slightly below Australia's median age of 38 years. Compared to Greater Melbourne, Pascoe Vale has a higher percentage of residents aged 35-44 (18.3%) but fewer residents aged 15-24 (10.5%). Between the 2021 Census and now, the 35-44 age group has increased from 16.9% to 18.3%, while the 25-34 age group has decreased from 19.0% to 18.1%. By 2041, demographic modeling projects significant changes in Pascoe Vale's age profile. The 45-54 cohort is projected to grow by 68%, adding 1,503 residents and reaching a total of 3,720 residents.