If you compare the increase in value of investment property in Paynesville, 3880 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.00%.
If we look at median property appreciation over just the last three months, Paynesville has given property investors a paper return of 0.00%. This puts Suburb as 502 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Paynesville, 3880. Typically our figures indicate that -6.87% is being offered, which puts this VIC suburb at 1321th most discounted overall in Australia.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 2.42%, investors should hope to achieve an overall return of 4.88%
Over the last year, property investments in Paynesville, 3880 have given investors a capital gain of 41.03%. This compares very favourably with the 3.11% for VIC as a whole.
Comparing Paynesville,3880 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Paynesville are currently offering property investors an average price cut of -7.02% below the asking price at the moment.
Residents and property investors in Paynesville have been waiting around 106.5 days to sell a property.
Situated 243.05km from the CBD, Paynesville is one of East Gippsland localities in the postcode 3880.