SA has seen average median house prices change by 2.10% which means that Payneham, 5070 has done well for property investors by showing a capital gain of 1.54% over the last year
Across a shorter period, Payneham, 5070 has seen a median price increase of -0.04% over the last quarter.
Situated 5.07km from the CBD, Payneham is one of Norwood Payneham St Peters (C) localities in the postcode 5070.
SA has seen average median house prices change by 1.05% which means that Payneham, 5070 has done well for property investors by showing a capital gain of 2.30% over the last year
Across a shorter period, Payneham, 5070 has seen a median price increase of 0.32% over the last quarter.
At number 8th of SA’s most discounted properties, Payneham is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
Information supplied by:
Payneham, SA – Units at under $300,000
Median unit price: $292,500
Three-year growth: -14.0%
Rental yield: 5.5%
A hub for many of Adelaide’s Italian and French migrants during the Second World War, Payneham is a well-located suburb just 6km from the Adelaide CBD. For this reason, it’s a perfect residential area for those working and studying in the city.
Payneham is a highly affordable suburb, with the median price for units coming in at under $300,000. It is bounded by the north in Payneham Road, with Portrush Road running through the suburb. Residents are able to easily access the Adelaide airport, the convention centre, the Adelaide Oval and the entertainment centre.
Buses pass through the suburb on a regular timetable, and amenities in Payneham itself include The Avenues supermarket, shops and cafes.