Suburb Profile Report for Pioneer Bay VIC (3984)

Pioneer Bay House: Median price $308,000, Annual capital growth 8.64%, Number of sales 17, Weekly median advertised rent $280

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

Over the last year, property investments in Pioneer Bay, 3984 have given investors a capital gain of 13.55%. This compares very favourably with the 3.76% for VIC as a whole.

A 54.00% growth in median value for property investors in Pioneer Bay,3984 puts this suburb at number 261th in terms of best performing suburbs in VIC

Property buyers and investors in Pioneer Bay 3984 should be seeing an average reduction in asking price of around -2.89% . This means that Pioneer Bay is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Pioneer Bay have been waiting around 38.73 days to sell a property.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 8.64%, investors should hope to achieve an overall return of 4.73%

Metrics i HOUSE UNIT
$308,000 N/A
0.57% N/A
13.55% N/A
8.64% N/A
$280 N/A
17 N/A
4.73% N/A
38.73 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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