Paynesville has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.03% to date .
A -1.92% growth in median value for property investors in Paynesville,3880 puts this suburb at number 437th in terms of best performing suburbs in VIC
Property buyers and investors in Paynesville 3880 should be seeing an average reduction in asking price of around -6.92% . This means that Paynesville is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $290 weekly from the median priced house in this suburb.
VIC has seen average median house prices change by 3.19% which means that Paynesville, 3880 has done well for property investors by showing a capital gain of 33.50% over the last year
Taking the average capital gain, or increase in median house value, Paynesville,3880 has racked up an average of 33.50% over the period. This ranks it number 515th in the whole country for real estate investors looking at median house price increases.
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 -6.73% is being offered, which puts this VIC suburb at 322th most discounted overall in Australia.
Often selling an investment property can take time, and in Paynesville the average time real estate has been on the market is 111.28 days.
The VIC suburb of Paynesville, 3880 is in the East Gippsland local government area.