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%.