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