Suburb Profile Report for Royal Park SA (5014)

Royal Park House: Median price $380,000, Annual capital growth 4.63%, Number of sales 64, Weekly median advertised rent $350

Royal Park Unit: Median price $302,500, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$380,000 $302,500
0.00% 14.69%
4.11% N/A
4.63% N/A
$350 $265
64 11
4.79% 4.56%
59.47 97.18

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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Recent sales & rentals