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Investment Property Paynesville, VIC, 3880

Suburb Snapshot

Paynesville is a suburb in the East Gippsland Region of Victoria. Paynesville has a population of 3,478 people and 18.55% of its occupants live in rental accommodation. The median listing price for houses is $595,000 and this has changed 2.76% over the past year and changed 1.70% over 2 years.

The median rent in Paynesville for houses is $480 per week and the median rental yield is 4.19%. Stock on the market for houses/townhouses has changed 12.50% compared to last year and the average time to sell a house/townhouse is 129 days.The median listing price for units is $402,000 and this has changed 1.00% over the past year. The average unit takes 140 days to sell and the median rent for a unit in Paynesville is $385 per week, producing a rental yield of 4.98%.

Supply & Demand in Paynesville, East Gippsland

0.49%

Current vacancy rate


13

Rental stock available


3,478

Population


18.55%

Rental population


0.51%

Current vacancy rate


148

Rental stock available


45,041

Population


17.07%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Paynesville, East Gippsland

  House Townhouses Units
Median listing price $595,000 NA $402,000
Median price change - last quarter 0.42% NA -4.06%
Median price change - 1 year 2.76% NA 1.00%
Median price change - 2 years 1.70% NA -2.90%
  House Townhouses Units
Median weekly rent $480 NA $385
Median yield % 4.19% NA 4.98%
Median rent change - 1 year 4.34% NA 13.23%
  House Units
Previous month sales 14 3
Stock on market previous month 90 11
Stock variance vs. last year 12.50% -26.67%
Average days on market 129 140

Paynesville investment property listings

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