Paynesville is a picturesque town located in the East Gippsland region of Victoria, Australia. Known for its stunning lakes, vibrant community, and a laid-back lifestyle, it is a favourite destination for those who appreciate natural beauty and outdoor pursuits. This article explores the best residential areas in Paynesville, detailing their unique characteristics, housing options, and average prices, making it an ideal guide for prospective homeowners and renters alike.
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Lakeside Drive
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Lakeside Drive is an idyllic waterfront area that offers stunning views of the Gippsland Lakes. Ideal for families and retirees looking for a peaceful yet connected lifestyle, this suburb boasts a friendly atmosphere and an array of amenities within walking distance.
Characteristics of the Lakeside Drive
* Culture: Strong community spirit with local events and gatherings.
* Transportation: Well-connected by local buses; walking and cycling paths available.
* Services: Proximity to local parks, shops, cafes, and schools.
* Environment: Serene lakeside ambiance with abundant greenery.
Housing Options in the Lakeside Drive
Single-family homes, Townhouses, Waterfront properties
Average Home Prices in the Lakeside Drive
* Buying: $600,000 – $850,000
* Renting: $1,400 – $2,000/month
Paynesville Central
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Paynesville Central is the town's hub, featuring a mix of residential and commercial properties. It is perfect for those who desire easy access to shops, restaurants, and waterfront activities.
Characteristics of the Paynesville Central
* Culture: Vibrant local culture with plenty of dining and shopping options.
* Transportation: Excellent public transport options; easy access via roads.
* Services: Full range of services including a supermarket, banks, and medical centers.
* Environment: Bustling yet friendly, with a mix of locals and visitors.
Housing Options in the Paynesville Central
Units, Apartments, Single-family homes
Average Home Prices in the Paynesville Central
* Buying: $450,000 – $700,000
* Renting: $1,200 – $1,800/month
Tambo Bluff
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Tambo Bluff is known for its undisturbed beauty and peaceful atmosphere. This suburb is perfect for nature lovers and those who prefer a quieter lifestyle, with easy access to beaches and walking trails.
Characteristics of the Tambo Bluff
* Culture: Focus on nature-based activities and community events.
* Transportation: Car recommended; limited public transport options.
* Services: Limited shops but close to larger services in central Paynesville.
* Environment: Quiet, relaxing, and surrounded by natural beauty.
Housing Options in the Tambo Bluff
Granny flats, Holiday homes, Custom-built houses
Average Home Prices in the Tambo Bluff
* Buying: $500,000 – $700,000
* Renting: $1,000 – $1,400/month
Eagle Point
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Eagle Point is an up-and-coming area situated just across the lake from Paynesville. Known for its spacious properties and family-friendly atmosphere, it features a range of recreational activities and excellent schooling options.
Characteristics of the Eagle Point
* Culture: Wholesome community spirit with family-oriented events.
* Transportation: Good connections to Paynesville and surrounding areas.
* Services: Schools, parks, and local shops are easily accessible.
* Environment: Lively and welcoming, with a strong community focus.
Housing Options in the Eagle Point
Family homes, Townhouses, Large blocks
Average Home Prices in the Eagle Point
* Buying: $550,000 – $800,000
* Renting: $1,200 – $1,800/month
Nungurner
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Nungurner offers a more rural setting, with expansive properties and close-knit community vibes. It’s perfect for those looking to escape the bustle of urban living and enjoy privacy and space.
Characteristics of the Nungurner
* Culture: Artistic and creative community with local markets.
* Transportation: Car essential due to limited public transport.
* Services: Access to nearby Paynesville for amenities; local community events.
* Environment: Tranquil and rural, perfect for nature-lovers.
Housing Options in the Nungurner
Acreage homes, Eco-friendly properties
Average Home Prices in the Nungurner
* Buying: $450,000 – $700,000
* Renting: $900 – $1,300/month
Lakeview Estate
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Lakeview Estate is a modern residential area with contemporary homes and easy access to recreational facilities. It's perfect for young families and first-home buyers looking for a vibrant community.
Characteristics of the Lakeview Estate
* Culture: Family-friendly, with playgrounds and community initiatives.
* Transportation: Well connected to public transport and cycle paths.
* Services: Local shops and parks nearby, with schools within walking distance.
* Environment: Dynamic and engaging, fostering community interaction.
Housing Options in the Lakeview Estate
New homes, Townhouses, Eco-friendly designs
Average Home Prices in the Lakeview Estate
* Buying: $500,000 – $750,000
* Renting: $1,100 – $1,700/month
Frequently Asked Questions About the Best Residential Areas in Paynesville:
The best residential areas in Paynesville include Lakeside Drive, Paynesville Central, Tambo Bluff, Eagle Point, Nungurner, and Lakeview Estate.
Eagle Point and Lakeview Estate are excellent choices for families due to their spacious properties and community-focused amenities.
Nungurner and Tambo Bluff often have more affordable housing options, especially for those willing to embrace a more rural lifestyle.
Paynesville has good public transport options, especially in the Central area. Car access is essential for specific suburbs like Tambo Bluff and Nungurner.
Paynesville Central offers a range of amenities, including supermarkets, cafes, banks, and medical services.
Yes, Paynesville is very suitable for retirees, particularly areas like Lakeside Drive and Tambo Bluff, which offer a peaceful lifestyle and recreational activities.
The average property price in Paynesville ranges from approximately $450,000 to $850,000 depending on the suburb and type of housing.
Yes, Paynesville has schools available, particularly in family-oriented suburbs like Eagle Point and Lakeview Estate.
Paynesville has a strong community spirit with regular events, markets, and activities, making it a welcoming place to live.
Recreational activities in Paynesville include boating, fishing, walking trails, and access to beautiful lakes and parks.
Conclusion on the Best Residential Areas in Paynesville:
Paynesville is an enchanting place to call home, with a variety of residential areas that cater to different lifestyles and preferences. From the serene lakeside living of Lakeside Drive to the bustling atmosphere of Paynesville Central, there is something for everyone. Families can enjoy the spacious homes and community spirit in suburbs like Eagle Point and Lakeview Estate, while those seeking tranquility may prefer the peaceful surroundings of Tambo Bluff and Nungurner. With its stunning natural scenery and welcoming community, Paynesville provides an inviting and fulfilling living experience for homeowners and tenants alike.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.