A steady increase in median property prices over a five-year period in the suburb translates to a 8.6% 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 $600,000
The augmented property values in the suburb are trailing behind the territorial average of 4.18% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $390.
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 311th on the list of best yielding suburbs for rental properties in SA, posting a 3.38% return.
Property investors enjoyed capital gains of 8.52% over the last 12 months in PAYNEHAM, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that PAYNEHAM, 5070 obtained a 3.83% growth over a ten-year period. It ranks 899th on our list of suburbs that property investors should look into.
PAYNEHAM, 5070 has a capital gain of 8.52% for the past year, which is higher than average compared to its 13.26% growth within a five-year period.
With the median home price in PAYNEHAM sitting at $337,500, and the average rent at $290, property owners could potentially earn a 4.47% increase in gross rental yield.
A 8.52% 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 68th.
Figures from the previous quarter show that capital gains for real estate buyers in PAYNEHAM are high, as opposed to average gains per annum over the past five years.
PAYNEHAM, 5070 in SA belongs to the local government area of Norwood Payneham St Peters.