Payneham is a smaller suburb in South Australia within the Norwood Payneham and St Peters local government area (postcode 5070). With a population of 2,438, the suburb has an established demographic with a median age of 38. Households earn a median income of $74K per year, with an average household size of 2 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Italian.
The median house price in Payneham is $1.4 million, having surged 45.9% over the past year. Units have a median price of $550,000 (+15.7% YoY). The current median weekly rent is $542. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,700.
Public transport access includes 7 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Norwood Payneham and St Peters LGA is below average at 3,568 incidents per 100,000 population.
From an investment perspective, Payneham offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +45.9% year-on-year.
Payneham is a smaller suburb in South Australia within the Norwood Payneham and St Peters local government area (postcode 5070). With a population of 2,438, the suburb has an established demographic with a median age of 38. Households earn a median income of $74K per year, with an average household size of 2 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Italian.
The median house price in Payneham is $1.4 million, having surged 45.9% over the past year. Units have a median price of $550,000 (+15.7% YoY). The current median weekly rent is $542. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,700.
Public transport access includes 7 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Norwood Payneham and St Peters LGA is below average at 3,568 incidents per 100,000 population.
From an investment perspective, Payneham offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +45.9% year-on-year.