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Payneham South

POSTAL CODE: SA, 5070
HOUSE
PAYNEHAM SOUTH ranks 473rd in SA when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 9.85% for the past year is lower than average compared to its 72.11% growth within a five-year period.

Also in PAYNEHAM SOUTH, the median home price is sitting at $1,450,000, and the average rent at $660, this suggests property owners could potentially earn a 2.37% increase in gross rental yield.

Property investors have seen a 3.24% gain in PAYNEHAM SOUTH based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 11% growth over a ten-year period. It ranks 4182nd on our list of suburbs that property investors should look into.

Surburb overview

Payneham South is a charming inner northeastern suburb of Adelaide, located approximately 6 kilometres from the central business district. It is part of the City of Norwood Payneham & St Peters local government area and is well-served by Payneham Road, which provides direct access to the Adelaide CBD. Public transport is also readily available, with regular bus services connecting residents to the city and surrounding suburbs.

With a population of around 2,300 residents, Payneham South is a quiet, family-friendly area known for its suburban appeal and proximity to urban amenities. The suburb features a blend of older character homes and more modern developments, making it popular with families, professionals, and retirees. Its leafy streets and well-maintained gardens contribute to its peaceful and attractive atmosphere.

Essential services in Payneham South are conveniently located, with the nearby Marden Shopping Centre and Firle Plaza offering a range of grocery stores, retail outlets, and cafes. The suburb is also close to the Norwood Parade shopping and dining precinct, providing a wider selection of restaurants, boutiques, and entertainment options. Healthcare needs are met by local medical clinics, and the Royal Adelaide Hospital is only a short drive away.

Recreational facilities in Payneham South are abundant, with Payneham Oval offering green spaces for sports, picnics, and community events. The nearby Linear Park along the River Torrens provides scenic walking and cycling paths, making it a popular destination for those seeking outdoor activities. The Payneham Swimming Centre is another key recreational hub, offering swimming and fitness facilities for locals.

Families in Payneham South have access to several nearby schools, including St Joseph's School and Trinity Gardens School, making the suburb a convenient choice for families with children. The combination of suburban tranquillity, access to essential services, and proximity to both the city and recreational facilities makes Payneham South a highly desirable location for a wide range of residents.

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