With a capital gain of 1.16% for the last 12 months, Paynesville, 3880 has performed for property investments than its average annual 2.34% property growth over the last 5 years.
Over the longer term, Paynesville has seen property prices show investors a 12.90% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Paynesville is giving property investors an average Vendor Discount of around -6.43%. This puts suburb at number 231th in VIC when ranking the most discounted suburbs.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Over the last year, property investments in Paynesville, 3880 have given investors a capital gain of 4.76%. This compares averagely with the 7.35% for VIC as a whole.
Over the longer term, Paynesville has seen property prices show investors a 0.00% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Paynesville should be aiming for at least -4.00% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 29 properties changed hands in Paynesville, which puts it as the 249th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $260 weekly from the median priced house in this suburb.