Not sure where to invest? Take the 2-min quiz and we'll rank your top 10 suburbs.
Take the 2-min quiz12,000+ suburbs | 110k+ live listings | refreshed daily
Sign up free to save this suburb, build a shortlist, and compare against 12,000+ Australian suburbs.
See a sample suburb report before signing up or paying. | Take the 30-second product tour
Paynesville, VIC 3880
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$560,000
market range $525K-$600K
Median Unit
$430,000
market range $400K-$475K
Gross Yield (houses)
4.6%
1yr Growth (houses)
+4.0%
market range +0.0% to +7.5%
Investment snapshot for Paynesville
Paynesville has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Paynesville verdict
Pros, risks, supporting metrics, investment score and cashflow. Included with Pro access.
Short-term access. No subscription. See all plans
See sample analysis before paying.
Investment score breakdown
See exactly which signals drive Paynesville - yield, growth, affordability, vacancy, livability, safety, and demographics.
Access from $20. Cancel anytime. See all plans
Secure checkout by Stripe. Cancel anytime.
Paynesville market and investor summary
In Paynesville, VIC 3880, the median house sells for around $560K, on a gross rental yield of 4.6% for houses. House prices have moved +4.0% over the past year and +5.3% over three years. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.6% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 78 days on market, so plan for a slower exit if you ever need one.
Living in Paynesville: people, income and schools
Paynesville has a resident population of roughly 3,636, a number that has held fairly steady over five years. At a median age of 62, it reads as an older, established demographic, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $51,000 a year (about $990 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 10.9 times local household income, so affordability is a genuine constraint on local buyers.
Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 6 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,636
- +6% over 5yr
- Median age
- 62 years
- Median household income
- $51,000/yr
- Households renting
- 21%
- Family households
- 64%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 972
- Unemployment
- 3.9%
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Paynesville
No properties currently listed in Paynesville
Search Paynesville listings →Frequently asked questions about Paynesville
What should I check before investing in Paynesville?
Paynesville has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 5.0% gives a usable rent-to-price starting point. Capital growth of +4.0% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Paynesville?
The median property price in Paynesville, VIC 3880 is $560K for houses and $430K for units.
What rental yield does Paynesville show?
The gross rental yield in Paynesville is 4.6% for houses and 5.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Paynesville?
House prices in Paynesville are up 4.0% over the past year and up 5.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Paynesville?
The current vacancy rate in Paynesville is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Paynesville?
Paynesville has a population of approximately 3,636 residents, with a median age of 62.
What schools are near Paynesville?
There are 2 schools within roughly 5km of Paynesville. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Paynesville affordable to buy in?
A median house in Paynesville costs about 10.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Paynesville's population growing?
The population of Paynesville has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
Keep researching with PropRadar
Free tools for the rest of your investment decision, no card required.
Beyond each listing
PropRadar works across your whole search: shortlists and portfolios start free, while heavier discovery, export and advisory workflows are available on paid tiers.
Portfolio tracking
Track owned properties with portfolio value, LVR, yield, cashflow and allocation rolled up in one place.
Open portfolioWatchlists and saved searches
Shortlist up to 5 properties and suburbs for free. Essentials raises the limits and adds saved search alerts.
Open watchlistDeal Finder
A live Pro browser for undervalued listings with solid yield, ranked so thin price gaps stay out of the list.
Open Deal FinderMarket Finder
Shortlist suburbs by yield, growth, vacancy, active inventory and sales depth before you inspect individual listings.
Open Market FinderStrategy tools
Hold vs Sell, Stress Tester, Strategy Recommender and Portfolio Rebalancer for decisions across several properties.
Open toolsBuilding a product on property data? Explore the PropRadar API