VIC · 3880

Raymond Island

Suburb profile, market snapshot and recent listings for Raymond Island, VIC 3880.

Raymond Island, VIC 3880

About Raymond Island

Welcome to Raymond Island

Raymond Island is a town located on a small island in the Gippsland Lakes in eastern Victoria, Australia, about 300 km from Melbourne. The island is approximately 6 km long by 2 km wide, with an area of approximately 7.5 square kilometres. It is just 200 m (660 ft) off the coast, across from the town of Paynesville. The island is named after William Odell Raymond, originally a magistrate from New South Wales, who established himself as a squatter in Gippsland in the 1840s.

Market snapshot

Raymond Island property market

Median price ranks #3,285 of 3,797 suburbs · pricier than 14%

Median sale price

$548k

House · 3 bed

Median rent

per week

Gross rental yield

annual rent ÷ sale price

Typical price range

Entry

$432k

Median

$548k

Premium

$807k

Days on market

92

Auction clearance

0%

Sold this year

14

Median sold price trend · House 3 bed

Compound growth -4.5% / yr over 4 yrs

Property types on market

Share of current listings in Raymond Island by dwelling type.

House77%
Land23%

Who lives here

Demographics

ABS Census 2021 figures for Raymond Island, VIC 3880.

Population

589

residents (2021)

Median age

68

years

Household income

$921

median, per week

Median rent

$280

per week

Median mortgage

$969

per month

Mortgage / income

24%

comfortable

Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.

Recent results

Recently sold in Raymond Island

$1.50m

140 Centre Road

house6 bd · 3 ba · 4 car

Sold ~July 2026

$260k

30 Fourth Avenue

land

Sold ~July 2026

$157k

290 Gravelly Point Rd

land

Sold ~July 2026

$785k

155 Gravelly Point Road

house4 bd · 2 ba · 2 car

Sold ~July 2026

$550k

22 First Parade

house3 bd · 3 car

Sold ~June 2026

$545k

65 Twelfth Avenue

house2 bd · 2 ba · 2 car

Sold ~June 2026

$845k

99 Western Boulevard

house3 bd

Sold ~June 2026

Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.

Explore the area

Properties & amenities in Raymond Island

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Compare the area

Price map around Raymond Island

Every listing for sale near Raymond Island, coloured by price — so you can see how it stacks up against the streets and suburbs next door.

CheaperPricier
Raymond IslandNearby suburbs

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Common questions

Raymond Island suburb FAQ

What is the median property price in Raymond Island?

The median house price in Raymond Island, VIC is $548k for a 3-bedroom home. Over the past year, median sold prices have risen about 4.3%.

Is Raymond Island a good place to live?

Raymond Island is a town located on a small island in the Gippsland Lakes in eastern Victoria, Australia, about 300 km from Melbourne. Raymond Island is an established residential suburb in VIC, with a population of around 589.

What is the population of Raymond Island?

Raymond Island has a population of 589 (ABS 2021 Census), with a median age of 68.

How long do homes take to sell in Raymond Island?

Properties in Raymond Island take around 92 days to sell on average, with an auction clearance rate of about 0%.

How much do you need to buy in Raymond Island?

Entry-level properties in Raymond Island start around $432k, while premium homes reach $807k.

What suburbs are near Raymond Island?

Suburbs near Raymond Island include Paynesville, Newlands Arm and Eagle Point.

Available now

Properties in Raymond Island

View all listings →
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For Sale
$1.20m
house

WESTERN WONDER

133 Western Boulevard, Raymond Island VIC 3880
431785 m²
King & Heath First National Paynesville3 months ago
Ask AI about this property
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For Sale
$650,000
house

YOUR SANCTUARY ISLAND LIFESTYLE AWAITS

42 Sanctuary Court, Raymond Island VIC 3880
1123831 m²
King & Heath First National Paynesville3 months ago
Ask AI about this property
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For Sale
$850,000
house

SUSTAINABLE MODERN LIFESTYLE RETREAT ON OVER 10 ACRES OF NATURAL BUSHLAND

170 Centre Road, Raymond Island VIC 3880
6334.05 ha
LJ Hooker Paynesville3 months ago
Ask AI about this property
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For Sale
$1.15m
house

ENDLESS OPPORTUNITIES

328 Gravelly Point Road, Raymond Island VIC 3880
3226.38 ha
Beadle Real Estate3 months ago
Ask AI about this property
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For Sale
$275,000
land

DESIRABLE 800m2 ALLOTMENT

22 Lisa Court, Raymond Island VIC 3880
800 m²
LJ Hooker Paynesville3 months ago
Ask AI about this property
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For Sale
$630k–$650k
house

One of Raymond Island's Last Large Waterfront Holdings

375 Gravelly Point Road, Raymond Island VIC 3880
15.25 ha
OBrien Real Estate Bairnsdale3 months ago
Ask AI about this property
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For Sale
$735,000
house

Island Life, Family Sized

18 Currawong Close, Raymond Island VIC 3880
621530 m²
OBrien Real Estate Bairnsdale3 months ago
Ask AI about this property
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For Sale
$499,000
house

CHARMING CHARACTER HOME

39 First Parade, Raymond Island VIC 3880
211809 m²
King & Heath First National Paynesville3 months ago
Ask AI about this property
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For Sale
$499,000
land

UNINTERRUPTED WATERFRONT LIVING ON RAYMOND ISLAND

57 Fourth Avenue, Raymond Island VIC 3880
775 m²
King & Heath First National Paynesville3 months ago
Ask AI about this property
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For Sale
$215,000
land

PRIME 630m2 ALLOTMENT, ONE MINUTE FROM WATERFRONT

23 Currawong Close, Raymond Island VIC 3880
630 m²
LJ Hooker Paynesville3 months ago
Ask AI about this property
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For Sale
EOI
house

Luxury Island Lifestyle with Home and 6 luxury Villas! 6 Acre Raymond Island Estate

27 Gravelly Point Road, Raymond Island VIC 3880
9882.43 ha
Elders Real Estate Bairnsdale (Rural)1 month ago
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For Sale
$399,000
land

LARGE BUSH ALLOTMENT IN THE HEART OF RAYMOND ISLAND

CA 18, 300 Gravelly Point Road, Raymond Island VIC 3880
12.48 ha
King & Heath First National Paynesville3 months ago
Ask AI about this property