Thinking about buying in Paynesville? Now could not be a better time, with 3472 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $603,000 with prices in this suburb ranging from $124,000 to $3,988,000. Paynesville is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
| Median Weekly Rent | $318.71 |
| Median Monthly Mortgage | $1214.00 |
| Median Persons Per Bedroom | 0.64 |
| Average Household Size | 2.00 |
| Average Age | 62.29 |
| Average Income | $561.86 |
| Average Cars Per Dwelling | 1.86 |
| Average Properties Within 50M | 12 |
| 1 Bed $383,000 |
| 2 Bed $430,000 |
| 3 Bed $641,000 |
| 4 Bed $787,000 |
| 5 Bed $832,000 |
| 6 Bed+$762,000 |
In Paynesville there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Paynesville due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Paynesville leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Paynesville Primary School
Eagle Point Primary School
(While the above schools are located with the suburb of Paynesville there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.8 | 24.2 | 38.6 | 18.3 | 50.1 | 5.5 | 28.4 |
| Feb | 1.9 | 23.2 | 36.6 | 23.3 | 59.0 | 5.1 | 24.8 |
| Mar | 1.2 | 21.2 | 34.1 | 23.6 | 57.6 | 4.7 | 21.1 |
| Apr | 0.3 | 16.9 | 29.7 | 25.2 | 62.2 | 4.1 | 18.0 |
| May | 0.4 | 11.1 | 24.0 | 28.8 | 69.9 | 3.9 | 14.6 |
| Jun | 1.2 | 8.6 | 19.4 | 41.3 | 85.6 | 3.8 | 12.3 |
| Jul | 0.8 | 7.4 | 19.1 | 39.4 | 86.2 | 3.9 | 13.2 |
| Aug | 0.4 | 8.8 | 22.0 | 29.7 | 77.8 | 4.2 | 16.2 |
| Sept | 0.4 | 10.6 | 25.1 | 23.0 | 69.4 | 4.6 | 21.5 |
| Oct | 0.3 | 15.4 | 30.6 | 17.4 | 57.0 | 4.9 | 25.7 |
| Nov | 0.4 | 18.6 | 33.5 | 17.1 | 54.8 | 5.4 | 28.7 |
| Dec | 0.7 | 21.6 | 36.5 | 15.9 | 48.9 | 5.3 | 30.0 |
source: Australian Government Bureau of Meteorology
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