Paynesville vs Newlands Arm.
Comparing two suburbs with median house prices of $521,500 and $820,000. Paynesville edges out on more headline metrics in this comparison.
Paynesville (median $521,500) is roughly 36% cheaper to buy into than Newlands Arm ($820,000).
On school quality, the average ICSEA across schools serving Paynesville (976) sits above Newlands Arm (970).
For buyers
Paynesville is the lower entry point at $521,500 median, 36% 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 1.78%), favouring cash-flow investors.
For families
Paynesville edges out on average school ICSEA (976 vs 970).
Common questions
Is Paynesville or Newlands Arm cheaper to buy in?
Paynesville has the lower median house price at $521,500, roughly 36% below Newlands Arm ($820,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Paynesville or Newlands Arm have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Paynesville scores 976 vs 970 in Newlands Arm. 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 Newlands Arm?
Gross rental yield on houses is 3.08% in Paynesville vs 1.78% in Newlands Arm. 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).
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