Paynesville (VIC 3880): property prices & suburb profile
East Gippsland LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Paynesville property prices
The typical Paynesville house sold for around $527,000 in the year to 2025-Q4, +64.8% over 10 years and +45.2% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year for recent horizons where each series allows, yearly medians further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $283,000 | $236,500 |
| 2014 | $305,000 | $236,500 |
| 2015 | $305,000 | $233,000 |
| 2016 | $309,000 | $266,000 |
| 2017 | $336,500 | $270,000 |
| 2018 | $353,000 | $275,000 |
| 2019 | $346,000 | $275,000 |
| 2020 | $397,000 | $289,000 |
| 2021 | $465,000 | $350,000 |
| 2022 | $565,000 | $372,500 |
| 2023 | $515,000 | $398,000 |
| 2024 | $502,500 | $434,500 |
| Apr 2024 | $545,000 | $382,000 |
| July 2024 | $535,000 | |
| Oct 2024 | $482,500 | $462,500 |
| 2025 | $555,000 | $480,000 |
| Apr 2025 | $525,000 | |
| July 2025 | $522,500 | |
| Oct 2025 | $510,000 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Paynesville medians by quarter
The most recent quarter on record for Paynesville is 2025-Q4.
| 2025-Q4 | House | $510k | 33 |
| 2025-Q3 | House | $523k | 36 |
| 2025-Q2 | House | $525k | 30 |
| 2025-Q1 | Unit | $480k | 5 |
| 2025-Q1 | House | $555k | 27 |
| 2024-Q4 | Unit | $463k | 6 |
| 2024-Q4 | House | $483k | 24 |
| 2024-Q3 | House | $535k | — |
| 2024-Q2 | Unit | $382k | — |
| 2024-Q2 | House | $545k | — |
| 2024-Q1 | Unit | $410k | — |
| 2024-Q1 | House | $470k | 31 |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Paynesville
Paynesville has a median age of 62 and a median household income of $987 a week.
- Figures labelled Paynesville are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Paynesville" and postcode 3880 both extend beyond Paynesville.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Schools in Paynesville
The only school in Paynesville sits at the 19th percentile nationally on ACARA's socio-educational index.
| Paynesville Primary School | Government | Primary | 934 |
- ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
- Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
- Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.
Suburbs near Paynesville
Paynesville's typical house price of $527,000 is the 76th highest of the 117 Regional Victoria suburbs we cover.
Alexandra 3714
$556,000 typical house price
Alfredton 3350
$622,000 typical house price
Ararat 3377
$395,000 typical house price
Bairnsdale 3875
$463,000 typical house price
Ballarat Central 3350
$668,000 typical house price
Ballarat East 3350
$532,000 typical house price
Ballarat North 3350
$555,000 typical house price
Baranduda 3691
$656,000 typical house price
Paynesville: common questions
- How much does a house cost in Paynesville?
- About $527,000 across the 12 months to 2025-Q4, from 126 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Paynesville prices gone up?
- Prices have risen 64.8% over 10 years and moved +45.2% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Paynesville?
- The typical unit price was around $470,000 across the 12 months to 2025-Q1: a sales-weighted average of the quarterly unit medians, from 11 sales.
- Can I see Paynesville prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
- Which schools are in Paynesville?
- Paynesville has 1 ACARA-registered school: Paynesville Primary School.
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Data sources
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This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.