Paynesville vs Raymond Island.
Comparing two suburbs with median house prices of $521,500 and $580,000.
Paynesville (median $521,500) is roughly 10% cheaper to buy into than Raymond Island ($580,000).
Raymond Island scores higher on walkability (0/100 vs 10/100 ), useful if you're optimising for a car-light household.
For buyers
Paynesville is the lower entry point at $521,500 median, 10% 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 2.77%), favouring cash-flow investors.
For families
School and household data is too similar between the two to call a winner on family fit. Check the individual profiles for street-level school catchments.
Common questions
Is Paynesville or Raymond Island cheaper to buy in?
Paynesville has the lower median house price at $521,500, roughly 10% below Raymond Island ($580,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which is more walkable, Paynesville or Raymond Island?
Raymond Island scores 10/100 on walkability vs 0/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Paynesville or Raymond Island?
Gross rental yield on houses is 3.08% in Paynesville vs 2.77% in Raymond Island. 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