VIC/
Paynesville

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 11.95% over the last 12 months in PAYNESVILLE, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 3.64% growth over a ten-year period. It ranks 2286th on our list of suburbs that property investors should look into.

PAYNESVILLE, 3880 has a capital gain of 11.95% for the past year, which is higher than average compared to its 15.52% growth within a five-year period.

With the median home price in PAYNESVILLE sitting at $335,000, and the average rent at $302.5, property owners could potentially earn a 4.7% 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.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $335,000 $287,500
GROWTH REPORT
Median Quarterly 6.35% 4.55%
Median 12 month 11.95% 19.79%
Median 3 years 17.13% 24.46%
Median 5 years 15.52% 17.35%
10 years average annual 3.64% 6.08%
Weekly media advert. rent $302.5 $240
Time on Market 107.1 days 0.0 days
Gross Rental Yield Percent 4.7% 4.34%
demographics (median values)
Total Population
2975
Weekly Household Income
645
Household Size
2.10
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