VIC has seen average median house prices change by 8.96% which means that Paynesville, 3880 has done well for property investors by showing a capital gain of 2.76% over the last year
If we look at median property appreciation over just the last three months, Paynesville has given property investors a paper return of 0.82%. This puts Suburb as 480 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Paynesville 3880 should be seeing an average reduction in asking price of around -6.39% . This means that Paynesville is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Paynesville being $307500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.90%
If you compare the increase in value of investment property in Paynesville, 3880 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 30.95%.
Over the longer term, Paynesville has seen property prices show investors a 14.11% return over the last 3 years. This is an improvement over the last 12 months
Situated 243.02km from the CBD, Paynesville is one of East Gippsland localities in the postcode 3880.