SA has seen average median house prices change by 2.79% which means that Royal Park, 5014 has done well for property investors by showing a capital gain of 4.11% over the last year
Royal Park,5014 was ranked 2233 in Australia by increase in median property value over the quarter.
The most recent median price for Royal Park is $380000, with sellers offering an average of -6.86% off the asking price.
At number 973 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 59.47 for properties listed there.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.79%, without taking into account capital value appreciation, which has been averaging out at 4.63%.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Royal Park, 5014. Typically our figures indicate that -8.25% is being offered, which puts this SA suburb at 134th most discounted overall in Australia.
Residents and property investors in Royal Park have been waiting around 97.18 days to sell a property.
Royal Park, 5014’s gross rental yield is 4.56%