$310 ▲ +55.0%
Higher than 60% of suburb / locality areas.
- 2011: $200
- 2016: $260
- 2021: $310
Median weekly rent paid by households renting their home.
Paynesville · Suburb / Locality
Housing & Dwellings in Paynesville
Where and how people live — the homes, how they are held, and what they cost.
More than half of all homes in Paynesville are owned outright, a figure far above the national average. This high level of home ownership helps explain why typical mortgage payments here are well below those seen across Victoria and Australia.
$310
▲ +55.0%
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Paynesville — higher than 60% of areas.
Housing costs
Rents, mortgages and crowding.
The typical monthly home loan payment is $1,225, which is much lower than most areas. Meanwhile, typical weekly rents are $310, a figure that is higher than most similar areas but still a little below the state and national averages.
$1,225 ▲ +1.2%
Lower than 75% of suburb / locality areas.
- 2011: $1,210
- 2016: $1,088
- 2021: $1,225
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Paynesville, $200–$349 is the majority at 55%; $350–$549 is next at 34%.
Monthly mortgage distribution
View on map →In Paynesville, the largest group is $1,000–$1,799 at 44%, followed by Under $1,000 (36%) and $1,800–$2,999 (15%).
Owning & renting
How homes are owned or rented.
Ownership is very high here, with 56.9% of homes owned outright, far above the 31% national figure. Households renting make up 21.2% of the area, which is well below the figures for Victoria and Australia.
21.2% ▼ -12.2%
Higher than 62% of suburb / locality areas.
- 2011: 24.1%
- 2016: 24.3%
- 2021: 21.2%
Share of occupied private dwellings that are rented.
56.9% ▲ +10.4%
Higher than 87% of suburb / locality areas.
- 2011: 51.5%
- 2016: 50.9%
- 2021: 56.9%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Paynesville, Owned outright is the majority at 57%; Rented is next at 21%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Detached houses make up 85.9% of the local housing stock, far above the national average of 72.3%. While 75% of homes have three or more bedrooms, there are fewer people per bedroom here than in most other areas.
0.70 ▼ -30.0%
Lower than 86% of suburb / locality areas.
- 2011: 1.00
- 2016: 0.70
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
85.9% ▲ +7.8%
Lower than 74% of suburb / locality areas.
- 2011: 79.7%
- 2016: 82.6%
- 2021: 85.9%
Share of occupied private dwellings that are separate houses.
75.0% ▲ +7.7%
Lower than 62% of suburb / locality areas.
- 2011: 69.7%
- 2016: 71.1%
- 2021: 75.0%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Paynesville, Separate house is the majority at 86%; Townhouse / semi-detached is next at 11%.
Bedrooms per home
View on map →In Paynesville, 3 bedrooms is the majority at 54%; 2 bedrooms is next at 21%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Paynesville
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Paynesville [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22049/paynesville/topic/housing-dwellings