Thinking about buying in Payneham South? Now could not be a better time, with 1050 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $935,000 with prices in this suburb ranging from $272,000 to $2,099,000. The aproximate distance to the coast is 11 Km.

Payneham South Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Payneham South are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Payneham South classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Payneham South necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale Payneham South

50 FIRST AV, PAYNEHAM SOUTH, SA, 5070

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1200000

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Internet Speed

Download 25 Mbps / Upload 5 Mbps

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General Points of Interest

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