Paynesville vs Scotts Creek
Property investment comparison - Paynesville, VIC 3880 vs Scotts Creek, VIC 3267
Head-to-head across core investment metrics: Paynesville wins 1, Scotts Creek wins 1. 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 | Scotts Creek |
|---|---|---|
| Median house price | $560K | $555K |
| Median unit price | $430K | - |
| Gross rental yield (houses) | 4.58% | 2.83% |
| Gross rental yield (units) | 4.95% | - |
| 1-year house growth | +4.0% | - |
| 3-year house growth | +5.3% | - |
| Vacancy rate | 2.3% | - |
| Population | 3,636 | 214 |
Paynesville vs Scotts Creek: what the numbers say
The median house price is $560K in Paynesville and $555K in Scotts Creek, so Scotts Creek is the cheaper entry point, with Paynesville houses about 1% dearer.
On cash flow, Paynesville leads: houses there return a gross rental yield of 4.58%, compared with 2.83% in Scotts Creek, a gap of 1.75 percentage points.
Paynesville is the bigger suburb, with a population of 3,636 against 214, roughly 17 times the size of Scotts Creek; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Paynesville for rental income, Scotts Creek for a lower purchase price. 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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