Suburb Profile Report for Payneham SA (5070)

Payneham House: Median price $600,000, Annual capital growth 6.58%, Number of sales 23, Weekly median advertised rent $395

Payneham Unit: Median price $313,500, Annual capital growth 3.89%, Number of sales 43, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Payneham has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 5.26% to date .

Taking the average capital gain, or increase in median house value, Payneham,5070 has racked up an average of 5.26% over the period. This ranks it number 1895th in the whole country for real estate investors looking at median house price increases.

At number 6th of SA’s most discounted properties, Payneham is in the bottom 10% of the state/territory when listing in order of most discounted to least.

SA has seen average median house prices change by 4.27% which means that Payneham, 5070 has done well for property investors by showing a capital gain of -5.00% over the last year

Payneham,5070 has offered an average of -5.00% return per annum in house price rises to property investors over the last three years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.11% offered to property buyers. Sellers in Payneham itself are offering an average vendor discount of -7.21% to real estate investors.

In the last year 43 properties changed hands in Payneham, which puts it as the 43th most active market in SA when comparing the number of sales per suburb.

Payneham is 86th on a list of best yielding suburbs for rents in SA with a 4.73% return

HOUSE UNIT
$600,000 $313,500
-0.17% -5.71%
5.26% -5.00%
6.58% 3.89%
$395 $285
23 43
3.42% 4.73%
63.9 97.64

Source: CoreLogic

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