The suburb’s capital gain of -4.36% for the past year is lower than average compared to its 39.71% growth within a five-year period.
Also in PAYNEHAM SOUTH, the median home price is sitting at $712,500, and the average rent at $387.5, this suggests property owners could potentially earn a 2.83% increase in gross rental yield.
Property investors have seen a -3.48% drop in PAYNEHAM SOUTH based on a decrease 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 5.38% growth over a ten-year period. It ranks 1419th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.36%||-5.26%|
|Median 3 years||25.97%||25.22%|
|Median 5 years||39.71%||20.4%|
|10 years average annual||5.38%||3.92%|
|Weekly media advert. rent||$387.5||$315|
|Time on Market||0.0 days||40.5 days|
|Gross Rental Yield Percent||2.83%||4.55%|