Suburb Profile Report for Royal Park SA (5014)

Royal Park House: Median price $395,000, Annual capital growth 3.80%, Number of sales 65, Weekly median advertised rent $350

Royal Park Unit: Median price $377,000, Annual capital growth 7.94%, Number of sales 33, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Royal Park has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.49%

Taking the average capital gain, or increase in median house value, Royal Park,5014 has racked up an average of 10.49% over the period. This ranks it number 2803th in the whole country for real estate investors looking at median house price increases.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.41% offered to property buyers. Sellers in Royal Park itself are offering an average vendor discount of -7.43% to real estate investors.

At number 906 in a list of fastest selling suburbs, Royal Park is in the TOP 30% of suburbs in Australia with an average of days on market 57.77 for properties listed there.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 3.80%, investors should hope to achieve an overall return of 4.61%

Royal Park has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 45.00% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Royal Park has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -4.16% to buyers in Royal Park at the moment, which is less than average for the rest of SA.

Royal Park is 148th on a list of best yielding suburbs for rents in SA with a 4.14% return

Metrics i HOUSE UNIT
$395,000 $377,000
1.28% 17.08%
10.49% 45.00%
3.80% 7.94%
$350 $300
65 33
4.61% 4.14%
57.77 73.06

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2863
Median household income ($/weekly) 868
Median age of persons 39
Median housing loan repayment ($/monthly) 1500
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 316 11.0
    25-34 years 443 15.5
    35-44 years 398 13.9
    45-54 years 371 13.0
    55-64 years 339 11.8
    Others 996 34.8
    Age Group
    Census Count Percent(%)
    Not Married 1055 47.7
    Registered Married 954 43.1
    Defacto Relationship 203 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1869 69.6
    Egypt 75 2.8
    Japan 87 3.2
    United Kingdom 93 3.5
    Other 167 6.2
    Others 396 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.6
    Christianity 1891 75.1
    Islam 17 0.7
    Other Religious Groups 23 0.9
    No Religion 540 21.4
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 154 14.1
    $400-$599 161 14.8
    $600-$799 115 10.6
    $1,000-$1,249 111 10.2
    $1,500-$1,999 119 10.9
    Others 429 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 936 41.9
    Employed, worked full-time 762 34.1
    Employed, worked part-time 374 16.7
    Employed, away from work 86 3.8
    Unemployed, looking for work 77 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 171 14.0
    Technicians & trades workers 220 18.0
    Clerical & administrative workers 196 16.1
    Sales 132 10.8
    Labourers 138 11.3
    Others 362 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 33 6.1
    Infants/Primary 233 42.8
    Secondary 138 25.3
    Technical or Further Educational Institution 54 9.9
    University or other Tertiary Institutions 73 13.4
    Others 14 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2421 89.1
    Semi-detached, row or terrace house, townhouse 188 6.9
    Flat, unit or apartment 95 3.5
    House or flat attached to a shop, office 8 0.3
    Improvised home, tent, sleepers out 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 406 35.2
    Being purchased 395 34.3
    Rented 339 29.4
    Other tenure type 13 1.1
    Tenure Type
Census 2011, ABS
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