The suburb’s capital gain of 5.46% for the past year is lower than average compared to its 44.74% growth within a five-year period.
Also in PAYNEHAM SOUTH, the median home price is sitting at $738,190, and the average rent at $375, this suggests property owners could potentially earn a 2.64% increase in gross rental yield.
Property investors have seen a -0.65% 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 5.95% growth over a ten-year period. It ranks 1222nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.46%||4.26%|
|Median 3 years||31.54%||24.68%|
|Median 5 years||44.74%||20.4%|
|10 years average annual||5.95%||4.38%|
|Weekly media advert. rent||$375||$310|
|Time on Market||63.7 days||78.8 days|
|Gross Rental Yield Percent||2.64%||4.48%|