Property investors who have had real estate in Royal Park, 5014 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.40%
Over the longer term, Royal Park has seen property prices show investors a 9.09% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -6.62% to buyers in Royal Park at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Advertised rents are around the $350 mark per week – giving a return of 4.67% based on the median price in Suburb
Investment property in Royal Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.17%
The five-year average increase in median property values for Royal Park,5014 has given property investors a potential capital gain of 9.56% across each of those five years.
Vendor discounting in Royal Park is giving property investors an average Vendor Discount of around -5.92%. This puts suburb at number 90th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 16.77%, investors should hope to achieve an overall return of 4.12%