Paynesville vs Runnymede
Property investment comparison - Paynesville, VIC 3880 vs Runnymede, VIC 3558
Head-to-head across core investment metrics: Paynesville wins 0, Runnymede wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Paynesville | Runnymede |
|---|---|---|
| Median house price | $560K | $560K |
| Median unit price | $430K | $355K |
| Gross rental yield (houses) | 4.58% | - |
| Gross rental yield (units) | 4.95% | - |
| 1-year house growth | +4.0% | - |
| 3-year house growth | +5.3% | - |
| Vacancy rate | 2.3% | 1.5% |
| Population | 3,636 | 64 |
Paynesville vs Runnymede: what the numbers say
Houses cost about the same in both suburbs: the median house price is $560K in Paynesville and $560K in Runnymede.
For units, Paynesville sits at a median of $430K against $355K in Runnymede, which makes Runnymede the more affordable unit market and Paynesville the pricier one.
Rental vacancy is 1.5% in Runnymede and 2.3% in Paynesville, so landlords in Runnymede face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Paynesville is the bigger suburb, with a population of 3,636 against 64, roughly 57 times the size of Runnymede; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Runnymede for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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