Suburb Profile Report for Pioneer Bay VIC (3984)

Pioneer Bay House: Median price $217,000, Annual capital growth 3.71%, Number of sales 24, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report

Pioneer Bay, 3984 ranked 648th in VIC when comparing growth in median property values or capital gain over the last 12 months. Pioneer Bay is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Pioneer Bay,3984 has racked up an average of -5.65% over the period. This ranks it number 2488th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Pioneer Bay, 3984. Typically our figures indicate that -7.20% is being offered, which puts this VIC suburb at 1174th most discounted overall in Australia.

A $260 per week rent on the median house gives suburb investors a gross yield of circa 6.23%, without taking into account capital value appreciation, which has been averaging out at 3.71%.

Metrics i HOUSE UNIT
$217,000 N/A
0.70% N/A
-5.65% N/A
3.71% N/A
$260 N/A
24 N/A
6.23% N/A
119.86 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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