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Raymond Island suburb profile

Raymond Island is a small, leafy island in the Gippsland Lakes reached by a short vehicle ferry from Paynesville, notable for its relaxed, village-like atmosphere where bushland meets lakeside foreshore. Koalas and other native wildlife are common along walking tracks through eucalyptus reserves, and the shoreline provides quiet spots for boating and birdwatching. Housing is mainly modest timber and fibro holiday cottages alongside permanent family homes on generous treed blocks, rather than dense subdivisions. Daily life centres on the natural surroundings and community activities, with shops and services in nearby Paynesville used for most errands.

Raymond Island property market performance

Like many smaller suburbs, Raymond Island sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values have risen a modest 4.8% over the last 12 months.

Over the last 3 months 3 houses were sold. Houses sold in a median of 105 days over the last 12 months.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
4.8%N/A
Sold
Past 3 months
3N/A
Median days on market
Past 12 months
105N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Raymond Island demographics

Raymond Island is a small community of 589 people with a median age of 68. The typical household earns $921 a week, or about $47,900 a year.

Household composition is dominated by couples without children: couple families without children make up 77.5% (141 families), while couple families with children account for 14.3% (26 families). One-parent families represent 6.0% (11 families) and other families 2.2% (4 families).

Homes in Raymond Island are mostly owner-occupied, with 74.8% owned outright and a further 17.5% owned with a mortgage, leaving 7.7% rented.

Suburbs near Raymond Island

Some popular suburbs near Raymond Island include:

  • Paynesville: Boating and fishing hub on the Gippsland Lakes, with marina and water access.
  • Newlands Arm: Small, quiet lakeside community with a largely rural and bushland character.
  • Eagle Point: Lakeside village popular with anglers and holidaymakers, known for calm waters.
  • Nicholson: Small river township centred on the Nicholson River, with a relaxed village feel.
  • East Bairnsdale: Established residential suburb of Bairnsdale, featuring tree-lined streets and reserves.

How does Raymond Island compare to nearby suburbs?

  • Median house prices: Raymond Island’s median house price is 19.0% higher than Paynesville’s.
  • House price growth: Over the past 12 months, house prices in Raymond Island have grown 1.8% higher than in Paynesville.
  • Selling speed for houses: Properties in nearby Paynesville are selling 35.2% faster than in Raymond Island.

Choose the right real estate agents in Raymond Island

In Raymond Island ,8 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 84.2% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.75% and 3.13%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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