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Pioneer Bay, VIC 3984

Home » VIC Real Estate Data » Bass Coast Shire, VIC » Pioneer Bay, VIC 3984

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Pioneer Bay, VIC 3984 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Pioneer Bay, VIC 3984”

  1. The total adult population (15 years or older) of Pioneer Bay 3984 VIC is 300, with a median age of 41. Of those, 23.67% are married, 28.00% are divorced or separated, 41.67% are single and 7.00% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,872. The median monthly mortgage repayment for households in this suburb is $1,170 which is 24.01% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the state of Victoria, the tranquillity of the Pioneer Bay 3984 suburb is a humble community, boasting a modest 230 households. As we travel further into 2023, where we have now reached the third quarter, the Pioneer Bay property market highlights houses typically priced at $482,524. With a median weekly rent of $323, this generates an indicative yield of approximately 3.48%.

    This economic snapshot of Pioneer Bay extends further into examining the suburb’s socio-economic score, obtained through the IRSAD system. Resulting in a score of 855 out of 1217, this demonstrates that the resident population predominantly immerse themselves in skilled trades, accompanied by access to sufficient economic resources.

    Property in Pioneer Bay caters more to homeowners, evident as the renter to owner ratio sit at 20%. Furthermore, houses are the mainstay of this growth-focused property market, evidenced by a units to houses ratio of 0%.

    However, it is essential to note that affordability of homes in the suburb may be a concern for potential buyers. Based on the affordability index, homeowners in the area could expect to spend around 39 years paying off their mortgage, assuming a standard 30-year loan.

    In terms of supply, the suburb’s stock on the market is an agreeable 0.43%, and the inventory level of houses extends to 1.09 months. The building approval ratio for houses is currently at 0%, indicating that new supply of properties may not be a cause for concern for the time being.

    Buyer’s interest in properties appears to be rather high, with houses typically staying on the market for 29 days – a signal of healthy demand. Nonetheless, prospective investors should be vigilant to the vacancy rates, which currently stand at an overall 4.44% for both houses and units. This might suggest some gaps in demand, necessitating thoughtful strategies for property investment.

    Lastly, the strong show in the Buy search index, which is rated at 6, confirms the increasing interest in properties within Pioneer Bay, and therefore, certainly warrants investor attention.

    In conclusion, while the data shows a promising market trend in Pioneer Bay, property investors are encouraged to tailor their strategies based on comprehensive data analysis, given the various dynamics at play. Furthermore, enlisting the use of tools, such as HtAG Analytics’ Relative Composite Score (RCS), could assist investors in identifying the best investment suburbs based on over 80 metrics. This ensures a well-rounded understanding of the current property market health, enabling effective property investment planning.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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