This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in PIONEER BAY, the median home price is sitting at $292,500, and the average rent at $280, this suggests property owners could potentially earn a 4.98% increase in gross rental yield.
Property investors have seen a 4.46% gain in PIONEER BAY based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on PIONEER BAY, 3984 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 31.17%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.17% growth over a ten-year period. It ranks 889th on our list of suburbs that property investors should look into.