Suburb Profile Report for Payneham SA (5070)

Payneham House: Median price $656,375, Annual capital growth 2.73%, Number of sales 34, Weekly median advertised rent $420

Payneham Unit: Median price $346,000, Annual capital growth 1.63%, Number of sales 33, Weekly median advertised rent $310

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Giving property investors a a poor capital gain of 1.96% for the last year, Payneham, 5070 is the 3782th highest performer in Australia in this respect.

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.

On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.

Renters in Suburb are facing rents around $21840 per annum or $420 every week.

Payneham has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -25.91% to date .

The five-year average increase in median property values for Payneham,5070 has given property investors a potential capital gain of 10.37% across each of those five years.

In the last year 33 properties changed hands in Payneham, which puts it as the 44th most active market in SA when comparing the number of sales per suburb.

Using the current median advertised rental of $310 and the average annual increase in value of a median property of 1.63%, investors should hope to achieve an overall return of 4.66%

Information supplied by:




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Payneham, SA – Units at under $300,000

Postcode: 5070

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.

Metrics i HOUSE UNIT
$656,375 $346,000
-3.19% -0.29%
1.96% -25.91%
2.73% 1.63%
$420 $310
34 33
3.33% 4.66%
88.3333333333333 41.6521739130435

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (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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