Property value increases in Pioneer Bay have tracked lower than the VIC average of 8.96% over the last 12 months.
Across a shorter period, Pioneer Bay, 3984 has seen a median price increase of 2.09% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Pioneer Bay itself are offering an average vendor discount of -6.32% to real estate investors.
Residents and property investors in Pioneer Bay have been waiting around 86.44 days to sell a property.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 6.38%, without taking into account capital value appreciation, which has been averaging out at 4.29%.