Paynesville is in the bottom 40% 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 7.78%.
When looking at the potential capital gains offered to property investors over the last 3 years, Paynesville comes in at number 558th in VIC.
Paynesville, 3880 is offering VIC ‘s 353th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
At number 2506 in a list of fastest selling suburbs, Paynesville is in the bottom 40% of suburbs in Australia with an average of days on market 85.98 for properties listed there.
Investment property in Paynesville has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.27%
Taking the average capital gain, or increase in median house value, Paynesville,3880 has racked up an average of -3.27% over the period. This ranks it number 984th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Paynesville being $266000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 4.69%