Average rent in Paynesville, VIC — 2026

Paynesville sits below the Victoria median, with the typical renter paying $310/week — 15% less than the state-wide $363/week baseline (ABS Census 2021). The suburb skews owner-occupied: 81% own outright or with a mortgage, and only 16% rent. Housing stock is dominated by separate houses (92%), with limited high-density development. Population sits at 6,977, the median age is 61, and the most common occupation is Professionals. 16% of residents were born overseas. Paynesville is 226km from Melbourne, often putting it outside the inner-ring rent pressure zone — though state-level rent indices show the 2021 baseline is now meaningfully out of date. Your reported figure above gives the live read; the Census number anchors the historical baseline.