Paynesville, Victoria Paynesville, Victoria Paynesville is a tourist/holiday resort town in the Gippsland region of Victoria, Australia. At the 2006 census, Paynesville had a population of 2967. The town is located east of the state capital, Melbourne. It is known as the boating capital of Victoria. Paynesville was originally called Toonalook, which is an aboriginal name for "place of many fish". The post office opened on 8 November 1879 as Toonalook and was renamed Paynesville in 1886 by the Dickson family, who still reside in the area. Raymond Island is a small island accessible via the Raymond Island Ferry. The island is
Victoria (Australia) municipal areas. The state of Victoria is the second largest economy in Australia after New South Wales, accounting for a quarter of the nation's gross domestic product. The total gross state product (GSP) at current prices for Victoria was A$374 billion in June 2016, with a GSP per capita of A$60,595. The economy grew by 1.0 per cent in the 2015–16 financial year, less than the Australian average of 2.7 per cent. Finance and insurance is Victoria's largest income producing sector, while the health care and social assistance sector is the state's biggest employer. The shift towards service industries in