# Housing & Dwellings — Paynesville

Where and how people live — the homes, how they are held, and what they cost.

Area: Paynesville (Suburb / Locality)

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.

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.

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.

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.

## Statistics

| Statistic | Value | Change since |
| --- | --- | --- |
| Median rent (weekly) | $310 | +55.0% since 2011 |
| Median mortgage repayment (monthly) | $1,225 | +1.2% since 2011 |
| Average people per bedroom | 0.70 | -30.0% since 2011 |
| Households renting | 21.2% | -12.2% since 2011 |
| Homes owned outright | 56.9% | +10.4% since 2011 |
| Separate (detached) houses | 85.9% | +7.8% since 2011 |
| Homes with three or more bedrooms | 75.0% | +7.7% since 2011 |

**How homes are owned or rented** — Owned outright 56.9%, Rented 21.2%, Owned with a mortgage 19.4%, Not stated 2.0%, Other tenure 0.6%

**Types of homes** — Separate house 85.9%, Townhouse / semi-detached 11.3%, Other dwelling 1.9%, Flat or apartment 1.2%

**Bedrooms per home** — 3 bedrooms 53.1%, 2 bedrooms 20.8%, 4 bedrooms 19.7%, 1 bedroom 2.6%, 5 or more 2.2%, Studio / none 0.2%

**Weekly rent distribution** — $200–$349 50.7%, $350–$549 31.2%, Under $200 9.9%

**Monthly mortgage distribution** — $1,000–$1,799 41.0%, Under $1,000 33.6%, $1,800–$2,999 13.9%, $3,000 or more 3.7%

Interactive: https://censusatlas.au/region/sal/SAL22049/paynesville/topic/housing-dwellings