Paynesville is in the bottom 30% in VIC when comparing median price capital growth over the last year. Paynesville gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.18%.
The five-year average increase in median property values for Paynesville,3880 has given property investors a potential capital gain of 15.42% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Paynesville is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 437th in terms of most discounted suburbs in VIC
Advertised rents are around the $320 mark per week – giving a return of 4.89% based on the median price in Suburb
At number 1383th in the list of Australian suburbs ordered by increase in median house value over the last year, Paynesville, 3880 is in the BOTTOM 30% with a property value increase of -6.36% recorded in median house prices.
Paynesville,3880 has offered an average of -6.36% return per annum in house price rises to property investors over the last three years.
Paynesville, 3880’s gross rental yield is 4.90%