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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 $597,000 and this has changed 3.10% over the past year and changed 2.05% over 2 years.

The median rent in Paynesville for houses is $480 per week and the median rental yield is 4.18%. Stock on the market for houses/townhouses has changed 8.75% compared to last year and the average time to sell a house/townhouse is 132 days.The median listing price for units is $405,000 and this has changed 1.50% over the past year. The average unit takes 139 days to sell and the median rent for a unit in Paynesville is $385 per week, producing a rental yield of 4.94%.

Supply & Demand in Paynesville, East Gippsland

0.75%

Current vacancy rate


20

Rental stock available


3,478

Population


18.55%

Rental population


0.56%

Current vacancy rate


161

Rental stock available


45,041

Population


17.07%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Paynesville, East Gippsland

  House Townhouses Units
Median listing price $597,000 NA $405,000
Median price change - last quarter 0.42% NA -4.06%
Median price change - 1 year 3.10% NA 1.50%
Median price change - 2 years 2.05% NA 1.50%
  House Townhouses Units
Median weekly rent $480 NA $385
Median yield % 4.18% NA 4.94%
Median rent change - 1 year 4.34% NA 10.00%
  House Units
Previous month sales 3 1
Stock on market previous month 87 9
Stock variance vs. last year 8.75% -43.75%
Average days on market 132 139

Paynesville investment property listings

Showing 5 of 98 investment properties found in Paynesville on realestateinvestar.com.au

78 Ashley St, Paynesville

$909,000

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Thomson Design by Palm Lake Resort Paynesville

The largest of Palm Lake Resort Paynesville's current floorplans, the 227.53m² Thomson is a three-bedroom design with a statement street presence. A high peaked roof above the front porch and an impressive glass front door, framed by a fixed glass panel reaching into the roofline, create a grand ...

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Townhouse

VIC 3880


78 Ashley St, Paynesville

$904,000

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Avon Design by Palm Lake Resort Paynesville

The Avon home design at Palm Lake Resort Paynesville welcomes you with a generous front porch and formal entryway, offering direct sightlines to the open-plan living area for an immediate sense of space and flow. At the heart of the 222.03m² home, the living, dining and galley-style kitchen ...

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Townhouse

VIC 3880


20 Main Rd, Paynesville

$350,000

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Development Potential 250 metres from Paynesville Waterfront

Number 20 Main Road Paynesville is superbly located just 250 metres from the Paynesville foreshore. The property is ready for the next chapter after being tightly held for many years by the same family. Ideally suitable for a builder or developer, the cottage is on concrete stumps and would suit ...

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House

VIC 3880


22 Main Rd, Paynesville

$449,000

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Enjoy a Sea Change at Paynesville on the Gippsland Lakes

Are you looking for a sea change with the possibility of future development? Number 22 Main Road Paynesville is situated a short stroll from the Esplanade at Paynesville where you can enjoy the local eateries, a leisurely walk along the foreshore or boating and fishing in the Gippsland Lakes. The ...

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House

VIC 3880


21 The Point, Paynesville

$1,100,000

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LUXURY WATERFRONT LIVING WITH JETTY BERTH

Experience the ultimate waterfront lifestyle in this stunning modern residence complete with a half share jetty berth and quick, easy access to the lake for endless days of boating, fishing and kayaking right from your doorstep. Designed to impress, the home welcomes you with a wide entry hall, ...

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House

VIC 3880


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