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 4.41%
If we look at median property appreciation over just the last three months, Paynesville has given property investors a paper return of 2.67%. This puts Suburb as 195 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Paynesville is $308000, with sellers offering an average of -6.90% off the asking price.
Residents and property investors in Paynesville have been waiting around 106.95 days to sell a property.
Paynesville, 3880’s gross rental yield is 4.73%
Paynesville, 3880 ranked 26th 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
Taking the average capital gain, or increase in median house value, Paynesville,3880 has racked up an average of 17.05% over the period. This ranks it number 483th in the whole country for real estate investors looking at median house price increases.
Paynesville3880 is located in VIC which offers an average discount of -5.33% to property investors. Paynesville itself is showing figures that indicate -5.78% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Property investors should expect to get $235 weekly from the median priced house in this suburb.