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:
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.