Stepney

POSTAL CODE: SA, 5069

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It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,160,000

The augmented property values in the suburb are trailing behind the territorial average of 10.06% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $692.5.

Home owners selling their properties and realtors in STEPNEY usually have to wait an average of N/A days before their assets are lifted off the market.

The SA suburb ranks 254th on the list of best yielding suburbs for rental properties in SA, posting a 3.1% return.

It also places places 150th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that STEPNEY, 5069 obtained a 0% decrease over a ten-year period. It ranks 1914th on our list of suburbs that property investors should look into.

STEPNEY, 5069 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.

With the median home price in STEPNEY sitting at $854,000, and the average rent at $750, property owners could potentially earn a 4.57% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in STEPNEY are average, as opposed to average gains per annum over the past five years.

STEPNEY, 5069 in SA belongs to the local government area of Norwood Payneham and St Peters.

Surburb overview

Stepney, located just 3 kilometres east of Adelaide’s central business district, is a historic and vibrant inner-city suburb within the City of Norwood Payneham & St Peters. Known for its blend of character homes, modern developments, and light industrial areas, Stepney offers a dynamic mix of residential, commercial, and cultural spaces. The suburb attracts a diverse range of residents, including professionals, young families, and retirees, who appreciate its proximity to the city, excellent amenities, and strong community atmosphere.

Public transportation in Stepney is highly convenient, with regular bus services running along Payneham Road and Magill Road, providing easy access to Adelaide’s CBD and surrounding suburbs. The suburb’s central location makes commuting quick and straightforward for both public transport users and those who prefer to drive. Major roads like Payneham Road and Magill Road connect Stepney to nearby Norwood, Kent Town, and other key areas.

Stepney is well-served by a range of essential services and amenities. The nearby Norwood Parade is one of Adelaide’s premier shopping and dining precincts, offering a wide variety of cafes, restaurants, boutique shops, supermarkets, and entertainment options. Local cafes and eateries along Magill Road and Payneham Road also provide plenty of dining choices. Healthcare services are easily accessible, with local clinics in the area and larger hospitals such as Calvary North Adelaide Hospital nearby.

Recreational opportunities in Stepney are abundant. The suburb is home to the popular Linde Reserve, which offers green spaces, playgrounds, and picnic areas, providing a relaxing retreat for families and outdoor enthusiasts. Stepney is also known for its creative arts and cultural scene, with several galleries, studios, and boutique shops showcasing local artists and designers. The nearby Adelaide Parklands and Botanic Gardens offer additional opportunities for walking, cycling, and enjoying the outdoors.

Stepney’s rich history is reflected in its heritage-listed buildings and charming character homes, many of which have been lovingly restored. The suburb’s unique blend of historic charm and modern living makes it a highly desirable location for those seeking a balance of city convenience and suburban tranquillity.

With its central location, access to excellent amenities, and vibrant community feel, Stepney provides a well-rounded lifestyle for residents who enjoy the perks of inner-city living while maintaining a connection to the area’s rich history and cultural appeal.

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