Pioneer Bay (postcode 3984) is a sparsely populated locality in Victoria within the Bass Coast local government area. The area has roughly 365 residents and an established family demographic, with a median age of 41. Households earn a median income of $50K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, community & personal service. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Pioneer Bay has a median house price of $544,000, which has risen steeply by 10.7% year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 4.6%. 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, The gross rental yield works out to roughly 4.6%, which reads as moderate yield. Property prices sit below the state median ($544K/$875K), which can point to relative value. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +10.7% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.