Suburb Profile Report for Payneham SA (5070)

Payneham House: Median price $600,000, Annual capital growth 5.75%, Number of sales 22, Weekly median advertised rent $390

Payneham Unit: Median price $319,000, Annual capital growth 3.04%, Number of sales 34, Weekly median advertised rent $290

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

SA has seen average median house prices change by 3.45% which means that Payneham, 5070 has done well for property investors by showing a capital gain of 2.04% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Payneham has increased when compared to the 5 year average annual rate.

Property value increases in Payneham have tracked just lower than the SA average of 3.21% over the last 12 months.

Over the longer term, Payneham has seen property prices show investors a 2.49% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Payneham is offering property investors an average of -6.23. This rate of discount on properties puts Suburb at number 138th in terms of most discounted suburbs in SA

With the median price for a house in Payneham being $319000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.73%

Metrics i HOUSE UNIT
$600,000 $319,000
N/A 2.08%
2.04% -4.06%
5.75% 3.04%
$390 $290
22 34
3.38% 4.73%
N/A 61.86

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2220
Median household income ($/weekly) 995
Median age of persons 37
Median housing loan repayment ($/monthly) 1639
Average household size 2
  • Census Count Percent(%)
    20-24 years 232 10.5
    25-34 years 442 19.9
    35-44 years 318 14.3
    45-54 years 237 10.7
    55-64 years 198 8.9
    Others 793 35.7
    Age Group
    Census Count Percent(%)
    Not Married 954 52.6
    Registered Married 711 39.2
    Defacto Relationship 148 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1369 65.2
    Croatia 74 3.5
    Indonesia 84 4.0
    Japan 195 9.3
    United Kingdom 91 4.3
    Others 286 13.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 61 3.0
    Christianity 1310 64.4
    Hinduism 55 2.7
    Other Religious Groups 56 2.8
    No Religion 512 25.2
    Others 40 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 98 9.9
    $400-$599 125 12.6
    $800-$999 104 10.5
    $1,000-$1,249 95 9.6
    $1,500-$1,999 120 12.1
    Others 447 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 718 38.9
    Not in the labour force 677 36.7
    Employed, worked part-time 335 18.1
    Employed, away from work 62 3.4
    Unemployed, looking for work 54 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 110 9.8
    Professionals 344 30.8
    Technicians & trades workers 129 11.5
    Community & personal service workers 125 11.2
    Clerical & administrative workers 173 15.5
    Others 236 21.1
    Occupation
    Census Count Percent(%)
    Pre-school 32 6.8
    Infants/Primary 116 24.6
    Secondary 71 15.0
    Technical or Further Educational Institution 50 10.6
    University or other Tertiary Institutions 186 39.4
    Others 17 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1060 50.4
    Flat, unit or apartment 555 26.4
    Semi-detached, row or terrace house, townhouse 490 23.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 398 38.3
    Fully owned 310 29.8
    Being purchased 306 29.4
    Other tenure type 26 2.5
    Tenure Type
Census 2011, ABS
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