Investment property in Paynesville has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.50%
Paynesville,3880 has offered an average of 0.50% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Paynesville itself are offering an average vendor discount of -7.45% to real estate investors.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 1.39%.
VIC has seen average median house prices change by 4.09% which means that Paynesville, 3880 has done well for property investors by showing a capital gain of 14.79% over the last year
Comparing Paynesville,3880 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
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 -6.21% is being offered, which puts this VIC suburb at 401th most discounted overall in Australia.
With the median price for a house in Paynesville being $260000 and the advertised rent reaching $235 the gross rental yield for property investors calculates out to be 4.70%