Question 1

Is Payneham South a nice place to live?

Accepted Answer

Payneham South is a quiet, primarily residential pocket in Adelaide’s inner-eastern suburbs with tree-lined streets and a mix of post-war single-storey homes and newer units. Its community of 1,731 people has a median age of 39 and is weighted towards families — couple families with children are the largest group and, together with couple families without children, account for about 78.4% of families. Homes are more often owner-occupied than rented, which suits people after an established, calm neighbourhood, including families, downsizers and commuters.

Everyday life is supported by small local parks and sports reserves, shops on the suburb’s edges, and regular bus routes and arterial roads that make the city and other eastern precincts easily accessible. The council has secured a federal grant to reconstruct footpaths on Devitt Avenue, the suburb is included in a local traffic study with funded public consultation, and the Payneham Senior Citizens Centre on Coorara Avenue remains an established community facility.

Question 2

Is it expensive to live in Payneham South?

Accepted Answer

On the figures for Payneham South, weekly rents take a sizeable to large share of a typical local household's income at the last Census. A house rent of $678 a week is about 43.5% of that weekly household income, which is a large share of income, while a unit rent of $550 a week is about 35.3%, a sizeable share. For renters these rent shares are the most relevant way to see how housing costs sit against what people locally earned at the last Census.

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 South a good place to invest?

Accepted Answer

If you're weighing Payneham South as an investment, the past year shows a split between capital and rental movements. House values climbed 10.6% over the 12 months, a strong rise, while house rents edged down by 1.0%, a slight decline. At the same time, unit rents jumped 10.0% over the year, a strong increase.

Put simply, the figures show house prices delivered the capital growth this year, while unit rents were the stronger performer for rental income. Which of those matters most depends on whether you are prioritising capital growth or rental income and on your own 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	10.6%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	51	N/A
Average rent Past 12 months	$678	$550
Change in rent Past 12 months	-1.0%	10.0%

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