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Paynesville

Suburb Profile

Paynesville - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3880

house
unit

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 2.35% growth over a ten-year period. It ranks 2763rd on our list of suburbs that property investors should look into.

PAYNESVILLE, 3880 has a capital gain of 0% for the past year, which is lower than average compared to its 12.9% growth within a five-year period.

With the median home price in PAYNESVILLE sitting at $350,000, and the average rent at $350, property owners could potentially earn a 5.2% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PAYNESVILLE are high, as opposed to average gains per annum over the past five years.

PAYNESVILLE, 3880 in VIC belongs to the local government area of East Gippsland (S).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $350,000 $272,000
GROWTH REPORT
Median Quarterly 9.38% -3.89%
Median 12 month 0% 2.64%
Median 3 years 12.9% -1.09%
Median 5 years 12.9% 28.61%
10 years average annual 2.35% 1.26%
Weekly media advert. rent $350 $257.5
Time on Market 98.3 days 101.6 days
Gross Rental Yield Percent 5.2% 4.92%
demographics (median values)
Total Population
2975
Weekly Household Income
645
Household Size
2.10
demographics
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