6 Ilfracombe Way

Paynesville VIC 3880

The size of Paynesville is approximately 7 square kilometres. It has 8 parks covering nearly 3.7% of total area. The population of Paynesville in 2011 was 3,236 people. By 2016 the population was 3,476 showing a population growth of 7.4% in the area during that time. The predominant age group in Paynesville is 60-69 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation. In 2011, 72.3% of the homes in Paynesville were owner-occupied compared with 71.5% in 2016.

Paynesville has 3,087 properties. Over the last 5 years, Houses in Paynesville have seen a 56.18% increase in median value, while Units have seen a 73.03% increase. As at 31 August 2024:

• The median value for Houses in Paynesville is $573,045 while the median value for Units is $392,436.
• Houses have a median rent of $455 while Units have a median rent of $383.