House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
The suburb’s capital gain of 16.04% for the past year is higher than average compared to its 23.83% growth within a five-year period.
Also in PAYNEHAM SOUTH, the median home price is sitting at $922,500, and the average rent at $525, this suggests property owners could potentially earn a 2.96% increase in gross rental yield.
Property investors have seen a 2.39% gain in PAYNEHAM SOUTH based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on PAYNEHAM SOUTH, 5070 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 16.04%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.77% growth over a ten-year period. It ranks 2044th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.04%||1.07%|
|Median 3 years||23.41%||14.35%|
|Median 5 years||23.83%||17.09%|
|10 years average annual||5.77%||2.72%|
|Weekly media advert. rent||$525||$350|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.96%||4.52%|