1 Payne Street, Payneham SA 5070

Payneham’s demand is underpinned by its inner-north position near Norwood and St Peters, solid rental yields and attractive character housing that suit young families and investors alike. Buyers value the suburb’s public transport links, established schools and low vacancy backdrop, which keeps available stock tight even as modest new infill emerges. Prices have been nudging higher through late 2025 into early 2026 – houses recording a mid-single-digit lift while units outperform – so the risk is more about limited fresh supply and rate sensitivity than oversupply, yet disciplined redevelopment keeps growth prospects alive.