AREA REPORTS

Payneham

SA/
Payneham

Suburb Profile

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

house
unit

A 12.83% 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 16.32% capital gain.

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 $677,000

The augmented property values in the suburb are trailing above the territorial average of 2.5% 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 0.0 days days before their assets are lifted off the market.

The SA suburb ranks 348th on the list of best yielding suburbs for rental properties in SA, posting a 3.07% return.

It also places places 67th 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 $677,000 $308,000
GROWTH REPORT
Median Quarterly 4.15% -3.45%
Median 12 month 12.83% -3.45%
Median 3 years 16.32% -3.75%
Median 5 years 33.07% 8.07%
10 years average annual 4.11% 1.67%
Weekly media advert. rent $400 $290
Time on Market 0.0 days 49.0 days
Gross Rental Yield Percent 3.07% 4.9%
demographics (median values)
Total Population
2194
Weekly Household Income
735.7
Household Size
1.90
demographics
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