Paynesville vs Eagle Point.
Comparing two suburbs with median house prices of $521,500 and $557,500. Paynesville edges out on more headline metrics in this comparison.
Paynesville (median $521,500) is roughly 6% cheaper to buy into than Eagle Point ($557,500).
On school quality, the average ICSEA across schools serving Paynesville (976) sits above Eagle Point (970).
For buyers
Paynesville is the lower entry point at $521,500 median, 6% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Paynesville offers the higher gross rental yield (3.08% vs 2.89%), favouring cash-flow investors.
For families
Paynesville edges out on average school ICSEA (976 vs 970).
Common questions
Is Paynesville or Eagle Point cheaper to buy in?
Paynesville has the lower median house price at $521,500, roughly 6% below Eagle Point ($557,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Paynesville or Eagle Point have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Paynesville scores 976 vs 970 in Eagle Point. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Paynesville or Eagle Point?
Gross rental yield on houses is 3.08% in Paynesville vs 2.89% in Eagle Point. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Paynesville against another suburb