Wellington Shire Council
Raymond Island
Raymond Island at a glance
Median house
$580,000
Median unit
$190,080
Walk score
10
Very car dependent
Population
589
Median age 68
The brief
What to know about Raymond Island.
Raymond Island (3880) sits in the Wellington region of Victoria. The median house here is $580,000, below the Victoria median of around $850K.
Raymond Island has roughly 589 residents, with a retiree-heavy demographic. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Raymond Island scores 10/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 10 government primary, 1 government secondary, 2 Catholic, 2 independent.
Who lives here
Demographics.
The 2021 Census put Raymond Island's population at 589, with a median age of 68. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (91% own, 8% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (62% family households, 37% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
589
Median age
68
Family households
62%
Lone person
37%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $580,000 on a typical sale, below the Victoria median. Units come in around $190,080, roughly 67% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $116,000. Prices are below the Victoria median, which keeps Raymond Island on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$580,000
+0.0% over the past year. Median unit price $190,080.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$309/wk
Weekly rent (unit)
$280/wk
Owner occupied
91%
Renter occupied
8%
At a deeper level
$580,000
$190,080
589
Median age: 68
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For investors
Investment overview.
Gross rental yield on houses sits at 2.77% (median rent $309/wk against a $580,000 price tag). Units yield 7.66% gross, often the better cash-flow play for first-time investors. Renter share is modest (8%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.77%
Based on $580,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20267.66%
Based on $190,080 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202691%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
16
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
10
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Raymond Island.
Local schools for Raymond Island
View the catchment for each school to find out more.
Government School Catchment
Paynesville Primary School
Eagle Point Primary School
Metung Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Raymond Island.
- What is the median house price in Raymond Island?
- The median house price in Raymond Island, VIC 3880 is $580,000. The median unit price is $190,080. Annual growth is +0.0%.
- What is the Raymond Island postcode?
- Raymond Island is in the 3880 postcode, in VIC, in the Wellington Shire Council region.
- What is the average rent in Raymond Island?
- The median weekly rent for houses is $309, for units it's $280.
- What schools are in Raymond Island?
- There are 16 schools serving Raymond Island on this page, including Paynesville Primary School, Eagle Point Primary School, Metung Primary School.
- How walkable is Raymond Island?
- Raymond Island has a Walk Score of 10 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Raymond Island?
- Raymond Island is close to Paynesville, Newlands Arm, Eagle Point, Boole Poole, Banksia Peninsula.
- What is the population of Raymond Island?
- Raymond Island has approximately 589 residents. The median age is 68.
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Raymond Island
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Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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