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Suburb Insights · VIC 3407

Pigeon Ponds, VIC 3407 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Pigeon Ponds is a regional centre in Victoria, Australia, with a population of approximately 29, making it a boutique locality. Located approximately 295 km from the Melbourne CBD, Pigeon Ponds is a regional area in Victoria. The median household income is $123,448 per year.

Investment Score

52 / 100 Moderate

Strong household incomes in Pigeon Ponds underpin solid property demand. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Melbourne
Pigeon Ponds
Victoria · 3407
295 km from Melbourne CBD
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Key Indicators

Postcode
3407

Official Australia Post postcode for Pigeon Ponds. A postcode may cover multiple suburbs.

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Population
29

Usual resident population at the most recent census.

Median weekly rent
N/A

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$123,448/yr

Annual median household income (before tax) across all households.

Distance to CBD
295 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
N/A

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
63% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Pigeon Ponds is a smaller community of 29 — about 0% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $123,448/year runs 30% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Pigeon Ponds is 295 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 63% of dwellings are separate houses (vs 78% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.

Pigeon Ponds vs Victoria Median

How Pigeon Ponds stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Pigeon Ponds sits above the state median; negative means below.

MetricPigeon PondsVIC medianΔ vs state
Population297,416-100%
Median household income$123,448/yr$95,160/yr+30%
Distance to CBD295 km32 km+822%
Separate houses63%78%-15pp

Investor Checklist

Pre-inspection briefing for Pigeon Ponds — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 29 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.

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Rental Yield

Median rental data was not captured for Pigeon Ponds. Use current realestate.com.au and Domain listings to triangulate a realistic weekly rent before committing, then feed that number into our rental yield calculator.

Renovation / Flip

Only 63% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.

Risk Factors

Run the numbers on a Pigeon Ponds property

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30-year projections for Pigeon Ponds

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Capital-growth expectations for Pigeon Ponds are modest for 2026 — incomes 30% above the VIC median of $95,160 and a population of 29 suggest gains will lag headline metro markets. Rental fundamentals will need to be verified against live listings, as a clean median rent was not recorded for Pigeon Ponds. The EquitySight investment score of 52/100 places Pigeon Ponds in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.

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Frequently Asked Questions

Is Pigeon Ponds a good suburb for investment?

Pigeon Ponds scores 52/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 29, median household income of $123,448/year. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Pigeon Ponds?

The main demand drivers in Pigeon Ponds are an above-state-median household income of $123,448/year, a dwelling mix that is 63% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Pigeon Ponds?

Pigeon Ponds has a usual resident population of approximately 29, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Pigeon Ponds from the Melbourne CBD?

Pigeon Ponds sits 295 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Pigeon Ponds?

A reliable median rent was not captured for Pigeon Ponds. Benchmark expected weekly rent on realestate.com.au and Domain, or the state rental tribunal's rent dashboard. Most Australian investors target a 4–5% gross yield as a baseline.

What is the typical mortgage repayment in Pigeon Ponds?

A reliable median mortgage figure was not captured for Pigeon Ponds. Use our loan serviceability calculator to estimate a realistic monthly repayment for your target purchase price and deposit.

Is Pigeon Ponds cash-flow positive for investors?

Census data was not complete enough in Pigeon Ponds to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.

What are the main risks of investing in Pigeon Ponds?

The main risks are a thin buyer pool (29 residents), interest-rate sensitivity, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Pigeon Ponds profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

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