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.
|44 SECOND AV, PAYNEHAM SOUTH, SA, 5070||4||2||1||Sold|
St Joseph's School(While the above schools are located with the suburb of Payneham South there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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