Paynesville, VIC 3880
Compare Part of East Gippsland
242.29 km
Distance from Melbourne CBD
3 k
Population
Median Sale Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $265,000 | 0.0% | $78,000 | $900,000 | 102 |
| 2010 | $290,000 | +8.6% | $85,000 | $1,008,000 | 115 |
| 2011 | $305,000 | +4.9% | $85,000 | $1,030,000 | 123 |
| 2012 | $290,000 | -5.2% | $96,500 | $975,000 | 100 |
| 2013 | $295,000 | +1.7% | $105,000 | $1,249,999 | 153 |
| 2014 | $323,000 | +8.7% | $117,500 | $1,500,000 | 234 |
| 2015 | $317,000 | -1.9% | $159,000 | $1,750,000 | 146 |
| 2016 | $350,000 | +9.4% | $103,000 | $900,000 | 120 |
| 2017 | $350,000 | 0.0% | $180,000 | $925,000 | 107 |
| 2018 | $390,000 | +10.3% | $132,000 | $1,800,000 | 113 |
| 2019 | $320,000 | -21.9% | $190,000 | $1,400,000 | 121 |
| 2020 | $399,000 | +19.8% | $235,000 | $1,520,000 | 140 |
| 2021 | $475,000 | +16.0% | $240,000 | $1,825,000 | 166 |
| 2022 | $599,000 | +20.7% | $345,000 | $1,295,000 | 102 |
| 2023 | $550,000 | -8.9% | $345,000 | $2,200,000 | 96 |
| 2024 | $590,000 | +6.8% | $352,000 | $1,300,000 | 35 |
Median Sale Price
$575K
Based on 92 recorded sales within the last 12 months
Updated on 17 May 2024
Suburb Growth
-3.5%
Current Median Price: $575,000
Previous Median Price: $595,000
Based on 184 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2024)
Price Range Segments (12 months ending Apr 2024)
Median Weekly Rent Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $260 | 0.0% | $165 | $480 | 40 |
| 2012 | $290 | +10.3% | $175 | $970 | 63 |
| 2013 | $310 | +6.5% | $180 | $525 | 101 |
| 2014 | $300 | -3.3% | $185 | $500 | 91 |
| 2015 | $320 | +6.3% | $110 | $1,015 | 93 |
| 2016 | $315 | -1.6% | $140 | $450 | 90 |
| 2017 | $330 | +4.5% | $210 | $500 | 86 |
| 2018 | $330 | 0.0% | $160 | $500 | 61 |
| 2019 | $340 | +2.9% | $220 | $450 | 68 |
| 2020 | $360 | +5.6% | $175 | $550 | 76 |
| 2021 | $400 | +10.0% | $320 | $650 | 47 |
| 2022 | $440 | +9.1% | $171 | $670 | 70 |
| 2023 | $460 | +4.3% | $290 | $900 | 73 |
| 2024 | $465 | +1.1% | $295 | $550 | 23 |
Median Rent Price
$465
per week
Based on 72 recorded rent within the last 12 months
Updated on 17 May 2024
Rent Price Growth
+5.4%
Current Median Rent: $465
Previous Median Rent: $440
Based on 142 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $575,000
Current Median rent: $465
Based on 164 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2024)
Schools closest to Paynesville, VIC 3880
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Paynesville Primary School | 31 - 47 ASHLEY STREETPaynesville 3880 | Primary | Government | 0.87 km |