Suburb Profile Report for Pioneer Bay VIC (3984)

Pioneer Bay House: Median price $248,000, Annual capital growth 5.24%, Number of sales 22, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report

Investment property in Pioneer Bay has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.73%

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Pioneer Bay itself are offering an average vendor discount of -5.13% to real estate investors.

Using the current median advertised rental of $255 and the average annual increase in value of a median property of 5.24%, investors should hope to achieve an overall return of 5.35%

Metrics i HOUSE UNIT
$248,000 N/A
12.73% N/A
12.73% N/A
5.24% N/A
$255 N/A
22 N/A
5.35% N/A
83.09 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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