Paynesville has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -8.27% to date .
Paynesville,3880 was ranked 3883 in Australia by increase in median property value over the quarter.
The most recent median price for Paynesville is $319000, with sellers offering an average of -5.53% off the asking price.
Over the last year, property investments in Paynesville, 3880 have given investors a capital gain of 14.12%. This compares very favourably with the 0.68% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Paynesville has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Paynesville should be aiming for at least -7.30% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $13390 per annum or $257.5 every week.