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AREA REPORTS

Payneham

SA/
Payneham

Suburb Profile

Payneham - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5070

house
unit

A 11.01% increase in median property prices in PAYNEHAM, 5070 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 57th.

A steady increase in median property prices over a five-year period in the suburb translates to a 11.01% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $660,500

The augmented property values in the suburb are trailing above the territorial average of 1.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.

Home owners selling their properties and realtors in PAYNEHAM usually have to wait an average of 49.4 days days before their assets are lifted off the market.

The SA suburb ranks 361st on the list of best yielding suburbs for rental properties in SA, posting a 3.15% return.

It also places places 60th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $660,500 $297,000
GROWTH REPORT
Median Quarterly 2.32% -3.41%
Median 12 month 11.01% -6.31%
Median 3 years 11.01% -10%
Median 5 years 29.51% 1.02%
10 years average annual 4.47% 0.99%
Weekly media advert. rent $400 $300
Time on Market 49.4 days 48.4 days
Gross Rental Yield Percent 3.15% 5.25%
demographics (median values)
Total Population
2194
Weekly Household Income
735.7
Household Size
1.90
demographics
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