Suburb Profile Report for Pioneer Bay VIC (3984)

Pioneer Bay House: Median price $219,000, Annual capital growth 4.12%, Number of sales 17, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Pioneer Bay has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.75%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pioneer Bay has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Pioneer Bay should be aiming for at least -8.83% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3672 in a list of fastest selling suburbs, Pioneer Bay is in the bottom 10% of suburbs in Australia with an average of days on market 161 for properties listed there.

Pioneer Bay, 3984’s gross rental yield is 5.94%

HOUSE UNIT
$219,000 N/A
-0.45% N/A
-8.75% N/A
4.12% N/A
$250 N/A
17 N/A
5.94% N/A
161 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 335
Median household income ($/weekly) 686
Median age of persons 41
Median housing loan repayment ($/monthly) 1000
Average household size 2
  • Census Count Percent(%)
    25-34 years 33 10.0
    35-44 years 46 13.9
    45-54 years 39 11.8
    55-64 years 49 14.8
    65-74 years 40 12.1
    Others 124 37.5
    Age Group
    Census Count Percent(%)
    Not Married 117 48.5
    Registered Married 87 36.1
    Defacto Relationship 37 15.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 255 82.5
    New Zealand 4 1.3
    Papua New Guinea 7 2.3
    United Kingdom 34 11.0
    Other 6 1.9
    Others 3 1.0
    Country of Birth
    Census Count Percent(%)
    Christianity 164 57.7
    No Religion 117 41.2
    Buddhism 3 1.1
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 11 8.6
    $300-$399 22 17.2
    $400-$599 23 18.0
    $600-$799 17 13.3
    $800-$999 14 10.9
    Others 41 32.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 111 45.7
    Employed, worked full-time 65 26.7
    Employed, worked part-time 38 15.6
    Unemployed, looking for work 15 6.2
    Employed, away from work 14 5.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 13 10.8
    Technicians & trades workers 21 17.5
    Clerical & administrative workers 21 17.5
    Machinery operators & drivers 15 12.5
    Labourers 19 15.8
    Others 31 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 6 10.7
    Infants/Primary 20 35.7
    Secondary 13 23.2
    Technical or Further Educational Institution 9 16.1
    University or other Tertiary Institutions 5 8.9
    Others 3 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 302 98.1
    Flat, unit or apartment 6 1.9
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 59 39.1
    Rented 51 33.8
    Fully owned 41 27.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals