The Pascoe Vale median house price sits at approximately $1,050,000 as at mid-2026, according to CoreLogic’s June 2026 suburb report. That figure represents a 4.2% increase year-on-year from June 2025, and a 1.8% rise quarter-on-quarter, signalling that buyer demand in this north-western Melbourne suburb has remained resilient despite broader interest-rate headwinds. Read on for a full breakdown of what is driving prices, how units compare to houses, and what recent sales tell us about where the market is headed.

What Is the Current Median House Price in Pascoe Vale?

According to CoreLogic’s suburb-level data for the 12 months to June 2026, the median sale price for a freestanding house in Pascoe Vale is $1,050,000. The median for units and apartments over the same period is $620,000, reflecting the suburb’s strong mix of period weatherboard homes on generous blocks alongside a growing apartment stock near the Pascoe Vale Road retail strip.

PropTrack’s parallel dataset for the same period places the median slightly higher at $1,065,000 for houses, a minor variance explained by differences in the way each provider handles off-market and private-sale transactions. For the purposes of this article, the CoreLogic figure is used as the primary benchmark.

• Median house price (Jun 2026): $1,050,000
• Median unit price (Jun 2026): $620,000
• Annual change (houses): +4.2% YoY
• Quarterly change (houses): +1.8% QoQ
• Median days on market: 26 days (REA Group, Q2 2026)
• Median vendor discount: -1.9% (REA Group, Q2 2026)

The tight median vendor discount and sub-30-day selling period both confirm that Pascoe Vale remains a seller-favourable market heading into the second half of 2026.

How Has the Pascoe Vale House Price Changed Over the Past Year?

Pascoe Vale’s price trajectory over the past 12 months has been one of steady, compounding growth rather than dramatic spikes. CoreLogic’s rolling quarterly data shows the following progression for median house prices:

1. Q2 2025 (Jun 2025): $1,008,000 (baseline)
2. Q3 2025 (Sep 2025): $1,018,000 (+1.0% QoQ)
3. Q4 2025 (Dec 2025): $1,031,000 (+1.3% QoQ)
4. Q1 2026 (Mar 2026): $1,031,500 (flat QoQ, seasonal softness)
5. Q2 2026 (Jun 2026): $1,050,000 (+1.8% QoQ)

The dip to near-flat growth in Q1 2026 aligns with a broader Melbourne-wide pause identified in the RBA’s February 2026 Statement on Monetary Policy, which noted that mortgage serviceability pressures were weighing on buyer confidence in the $900,000-$1.2 million bracket. The rebound in Q2 2026 followed the RBA’s back-to-back 25-basis-point rate cuts in March and May 2026, which released a cohort of pre-approved buyers who had been sitting on the sidelines.

For context on how Pascoe Vale’s growth stacks up against nearby suburbs, the median house price in Coburg tells a similar story of steady northern-corridor appreciation, with both suburbs benefiting from the same infrastructure investment and demographic shift toward owner-occupier families priced out of the inner ring.

What Are Recent Comparable Sales Telling Us About the Pascoe Vale Market?

Sold data from the March-June 2026 quarter (sourced from Domain and REA Group sold listings) paints a clear picture of where buyers are finding value and where competition is fiercest.

Houses: Where Competition Is Hottest

Three-bedroom period homes on blocks between 400 sqm and 550 sqm continue to attract the strongest competition. Recent comparable sales in this segment include:

• A three-bedroom weatherboard on Prospect Street that sold at $1,085,000 in May 2026, roughly 7% above its listed price guide, after a three-week campaign that drew four registered bidders at auction.
• A four-bedroom renovated California bungalow on Langton Street that cleared at $1,310,000 in April 2026, setting a street record.
• A three-bedroom brick veneer on Edinburgh Street that transacted at $975,000 in June 2026 via private sale, sitting slightly below median due to an unrenovated kitchen and bathroom.

Units: A Market with Growing Depth

Pascoe Vale’s unit market has deepened considerably since the Pascoe Vale Road rezoning in 2023. Recent sales include a two-bedroom apartment in a boutique six-pack development on Cumberland Road achieving $658,000 in May 2026, and a two-bedroom townhouse on Rex Street selling for $710,000 in June 2026. Both results sit above the $620,000 median, reflecting premiums for newer stock with car parking and outdoor space.

Buyers comparing Pascoe Vale’s unit market against the inner north should also review the median house price in Thornbury, where the entry point for a freestanding home now sits meaningfully higher, making Pascoe Vale an increasingly compelling alternative for buyers seeking more space per dollar.

What Is the Rental Yield and Vacancy Rate in Pascoe Vale?

Strong price growth has not entirely eroded yields in Pascoe Vale. According to SQM Research’s June 2026 data, the suburb’s residential vacancy rate sits at 0.8%, well below the Melbourne metro average of 1.6% and indicating a very tight rental market. Gross rental yields, as calculated by CoreLogic for the 12 months to June 2026, are:

• Houses: approximately 2.8% gross yield, with median weekly rents at $565 per week (Domain Rental Report, Q2 2026)
• Units: approximately 4.1% gross yield, with median weekly rents at $490 per week (Domain Rental Report, Q2 2026)

The unit yield of 4.1% is particularly notable in the current environment. With the RBA cash rate sitting at 3.60% as of June 2026 (RBA June 2026 board decision), well-located Pascoe Vale units are generating yields that cover a meaningful portion of borrowing costs for investors using a reasonable deposit.

Rental demand is underpinned by the suburb’s connectivity: the Pascoe Vale train station provides a roughly 16-minute direct trip to Melbourne CBD (Public Transport Victoria timetable, 2026), and the suburb sits within the Moreland Activity Centre, which has attracted significant employment and retail investment over the past three years.

How Does Pascoe Vale Compare to Neighbouring Suburbs?

Context is everything in property. Pascoe Vale’s $1,050,000 median house price positions it as an accessible entry point relative to some of its inner-ring peers while offering similar lifestyle amenity. The table below uses CoreLogic June 2026 medians for a like-for-like comparison:

• Pascoe Vale: $1,050,000 (houses)
• Coburg: $1,095,000 (houses) – slightly higher, reflecting closer proximity to the CBD
• Reservoir: $880,000 (houses) – more affordable, larger blocks typical
• Preston: $985,000 (houses) – strong infrastructure investment driving price growth

Buyers who are weighing up Pascoe Vale against its southern neighbours may find the median house price in Preston a useful reference point, given both suburbs offer train access to the city and a comparable mix of period homes, new townhouses, and apartment stock.

The spread between Pascoe Vale ($1,050,000) and Preston ($985,000) has narrowed to just $65,000 over the past 12 months as Pascoe Vale’s stronger clearance rates and tighter stock levels have pushed its median upward at a faster pace. According to the Real Estate Institute of Victoria (REIV), Pascoe Vale recorded a 72% auction clearance rate in Q2 2026, compared to a Melbourne-wide rate of 67%.

What Is the Outlook for Pascoe Vale House Prices in the Second Half of 2026?

Most leading indicators point to continued, measured price growth in Pascoe Vale through the remainder of 2026. Key factors supporting this view include:

• RBA rate trajectory: Market economists surveyed by Bloomberg in June 2026 are pricing in one additional 25-basis-point cut before December 2026, which would further ease serviceability constraints for buyers in the $900,000-$1.1 million range.
• Low stock levels: SQM Research reports that total listings in Pascoe Vale were down 11% year-on-year in June 2026, keeping supply pressure on buyers and underpinning vendor confidence.
• Population growth: The City of Moreland’s (now City of Merri-bek) 2025-2026 Annual Report projects the municipality’s population will reach 207,000 by 2031, up from 190,000 in 2021, sustaining demand for both owner-occupied and rental housing.
• Infrastructure pipeline: The Suburban Rail Loop (SRL) Braybrook-to-Bundoora corridor, while not directly serving Pascoe Vale, is generating broader amenity uplift across the northern suburbs that analysts at JLL’s Residential Research team (Q1 2026 report) attribute to a 1-2% price premium relative to comparable suburbs without rail access.

Downside risks include a sharper-than-expected deterioration in employment conditions, a rebound in inflation that prevents further RBA easing, or a significant increase in new dwelling supply from approved developments along Pascoe Vale Road. None of these scenarios is currently the base case, but buyers and vendors should monitor conditions closely as the spring selling season approaches.

Whether you are buying, selling, or simply tracking the market, Pascoe Vale continues to offer a compelling combination of lifestyle, connectivity, and price growth relative to comparable Melbourne suburbs. For personalised advice on what the current numbers mean for your property, speak with the team at Collings Real Estate.