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%