Property investors who have had real estate in Paynesville, 3880 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.02%
Over the longer term, Paynesville has seen property prices show investors a 9.59% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.33% to buyers in Paynesville at the moment, which is less than average for the rest of VIC.
At number 141th in the list of Australian suburbs ordered by increase in median house value over the last year, Paynesville, 3880 is in the top 10% with a property value increase of 20.29% recorded in median house prices.
A 17.35% growth in median value for property investors in Paynesville,3880 puts this suburb at number 74th in terms of best performing suburbs in VIC
On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.
Situated 202.51km from the CBD, Paynesville is one of East Gippsland localities in the postcode 3880.