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%