Paynesville, 3880 ranked 468th in VIC when comparing growth in median property values or capital gain over the last 12 months. Paynesville is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Paynesville has fallen somewhat when compared to the 5 year average annual rate.
At number 186th of VIC’s most discounted properties, Paynesville is in the bottom 30% of the state/territory when listing in order of most discounted to least.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at 1.98%.
With a capital gain of 29.13% for the last 12 months, Paynesville, 3880 has performed for property investments than its average annual 3.68% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Paynesville has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.67% to buyers in Paynesville at the moment, which is less than average for the rest of VIC.
Situated 242.95km from the CBD, Paynesville is one of East Gippsland localities in the postcode 3880.