Pioneer Bay is a quiet locality in Victoria within the Bass Coast local government area (postcode 3984). With a population of 365, the suburb has an established demographic with a median age of 41. Households earn a median income of $50K per year, with an average household size of 2 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Pioneer Bay is $544,000, having surged 10.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,170.
Public transport access includes 2 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Pioneer Bay offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($544K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +10.7% year-on-year.
Pioneer Bay is a quiet locality in Victoria within the Bass Coast local government area (postcode 3984). With a population of 365, the suburb has an established demographic with a median age of 41. Households earn a median income of $50K per year, with an average household size of 2 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Pioneer Bay is $544,000, having surged 10.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,170.
Public transport access includes 2 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Pioneer Bay offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($544K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +10.7% year-on-year.