Wellington · 3880

Paynesville, VIC

population +7.8% (5y), 3.5% gross yield.

NextSuburb scoreTier C
42Below trend
Median house
$460k
5y growth
5.9%/yr
Gross yield
3.5%
Vacancy
2.4%
Thin market · ~4k residentsMedium confidence
Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Eight-signal breakdown

Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.

  • Capital growth (5y)5.9%/yr
    59/100
  • Population growth+7.8% (5y)
    78/100
  • Supply tightening+5.0% YoY
    25/100
  • Rental yield3.5%
    70/100
  • Rental demand2.4% vacancy
    40/100
  • Income growth+13.0% (5y)
    52/100
  • Construction pipelineno nearby pipeline
    0/100
  • Affordability69% under cap
    69/100

Why this score

Paynesville scores 42/100 (Below trend). The two strongest signals: 7.8% population growth over five years and 3.5% gross rental yield. The standout watch-out: population of 3,636 makes the market illiquid.

Drivers
  • Population growth+7.8% (5y)
  • Rental yield3.5%
  • Budget headroom69% under cap
Risks
  • Only 3,636 residents — illiquid, slow to sell
  • No major construction project in this state

Nearest infrastructure

Suburban Rail Loop East — Glen Waverley223.6 km away

Construction · $5.0bn · completion 2035

Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.

Comparable suburbs

Three VIC suburbs in the same budget band with the closest NextSuburb scores.

See the full VIC ranking

60-month score history

Backfilled — live history begins May 2026
334047Jun 21Jun 22Jun 23Jun 24Jun 25May 26

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