Suburb Profile Report for Payneham SA (5070)

Payneham House: Median price $600,000, Annual capital growth 6.33%, Number of sales 21, Weekly median advertised rent $390

Payneham Unit: Median price $310,000, Annual capital growth 3.79%, Number of sales 40, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Payneham, 5070 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -0.66%.

While Payneham,5070 ranked number 281th in SA for increase in median house value (annualised) increase, it is ranked 108th over the last 5 years.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.33%, investors should hope to achieve an overall return of 3.38%

If you compare the increase in value of investment property in Payneham, 5070 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -9.09%.

Payneham,5070 was ranked 1069 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Payneham are currently offering property investors an average price cut of -5.64% below the asking price at the moment.

Property investors should expect to get $285 weekly from the median priced house in this suburb.

HOUSE UNIT
$600,000 $310,000
-0.25% -0.32%
-0.66% -9.09%
6.33% 3.79%
$390 $285
21 40
3.38% 4.78%
N/A 78.47

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (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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