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Payneham South, SA 5070

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Payneham South, SA 5070 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Payneham South, SA 5070”

  1. The total adult population (15 years or older) of Payneham South 5070 SA is 1,468, with a median age of 39. Of those, 45.78% are married, 11.85% are divorced or separated, 35.49% are single and 6.47% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,572. The median monthly mortgage repayment for households in this suburb is $1,789 which is 20.87% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heart of South Australia lies the suburb of Payneham South, a quaint residential area comprising around 870 households. With a deep dive into the latest Q3 2023 housing market statistics, it becomes evident that Payneham South demonstrates encouraging signs for potential property investors and buyers.

    Houses in Payneham South boast a typical price of $847,815 and attain a median weekly rent of $597. These figures produce an indicative yield of 3.66% – comfortably satisfying the minimum market requirement for cashflow-centered investors. Such yield is reflective of the balance between the suburb’s property value and rental income.

    Notably, Payneham South enjoys an IRSAD (Socio-Economic Score) of 1019 out of a possible 1217, suggesting that the residents generally possess a healthier socio-economic status. Furthermore, the suburb’s renter to owner ratio stands at 38%, a moderate figure indicating a relatively balanced market that is not overly saturated with rental properties.

    The suburb’s units to houses ratio is 33%, indicating a balanced market with more families likely opting for longer tenancy periods. This lower proportion, devoid of market oversaturation from units, results in fewer competition among landlords for tenants, potentially maintaining higher rental yields.

    However, the affordability index hits 39 years, suggesting that complete property ownership could be somewhat challenging for residents based on current interest rates, median family income, and the typical house prices in the area.

    Turning to supply metrics, Payneham South exhibits encouraging trends. A low Stock-On-Market percentage of 0.16% indicates a favourable market for sellers due to scarce supply, while the inventory level of 0.71 months underscores a highly absorbent property market.

    Similarly, the building approvals Ratio sits at a favourable 1.62%, reflecting a controlled increase in new dwelling supply in the area. Coupled with a markedly low average of 13 Days-on-Market, it reflects the high demand for houses in the area.

    Finally, the area excels in the demand domain as well, as shown by a mere 0.3% vacancy rate, underscoring high demand with limited supply. This is complemented by a buy search index of 6, hinting at a substantial degree of buyer interest.

    Bearing this analysis in mind, it becomes critical to monitor these property market data trends constantly. While indicators show ample opportunities in Payneham South currently, keeping abreast of property market developments will ensure wise, data-driven investment decisions. Smoothing out the process, HtAG Analytics’ Relative Composite Score utilises over 80 metrics, including these, to provide a robust property market overview.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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