Question 1

Is Payneham a nice place to live?

Accepted Answer

Payneham is an established inner-eastern Adelaide suburb centred on a long commercial spine along Payneham Road. Tree-lined streets contain a mix of original stone and weatherboard cottages, post-war brick homes and pockets of newer townhouses, and the area suits a broad mix of households from long-term locals to young families and professionals. The community leans toward couples and families — just over eight in ten families are couple families with or without children — and the suburb has a population of 2,438 with a median age of 38. Home tenure is more owner-occupied overall (about 58.0%) though 42.0% of dwellings are rented.

Everyday life is supported by nearby cafes, convenience shops, community sporting facilities and small parks and playing fields, with regular buses along the main road and arterial routes providing straightforward access to the city. Local amenities include the Payneham Community Centre, Payneham Oval and Bridge Road Reserve’s upgraded playground, and a major redevelopment of the Payneham Memorial Swimming Centre into a modern aquatic centre is under way. Whether that mix suits you depends on what you’re after in a suburb.

Question 2

Is it expensive to live in Payneham?

Accepted Answer

Renting in Payneham would take a sizeable to large share of a typical local household's weekly income at the last Census. A house at $620 a week would be about 43.8% of that weekly household income, while a unit at $530 a week would be about 37.5% of the same income, so both rents sit in the sizeable-to-large range of what local households recorded at the last Census. If you are renting, those rent shares are the clearest measure of how housing costs compare with local earnings; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Payneham a good place to invest?

Accepted Answer

House prices led the way in Payneham over the past year, with median house values jumping 43.2%, a large rise. Median unit values also increased strongly, up 16.3%.

Rents moved more gently: house rents rose a modest 3.3% while unit rents climbed a solid 7.1%. On the house side, capital growth clearly outpaced rental income this year; for units, value growth also exceeded rent growth but by a smaller margin. If rental income is your priority the unit rent movement is the most relevant figure, while the 43.2% rise in house values is the standout number for someone focused on capital growth. Whether that makes Payneham the right investment for you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	43.2%	16.3%
Sold Past 3 months	5	1
Median days on market Past 12 months	53	59
Average rent Past 12 months	$620	$530
Change in rent Past 12 months	3.3%	7.1%

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