Over the last year, property investments in Rose Park, 5067 have given investors a capital gain of 18.03%. This compares very favourably with the 3.24% for SA as a whole.
Comparing Rose Park,5067 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 32th of SA’s most discounted properties, Rose Park is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 18 properties changed hands in Rose Park, which puts it as the 391th most active market in SA when comparing the number of sales per suburb.
Investment property in Rose Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -23.88%
If we look at median property appreciation over just the last three months, Rose Park has given property investors a paper return of 4.46%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in SA
Our latest figures would indicate that property sellers in Rose Park are currently offering property investors an average price cut of -4.50% below the asking price at the moment.
Often selling an investment property can take time, and in Rose Park the average time real estate has been on the market is 56.23 days.
Rose Park, 5067’s gross rental yield is 3.60%
It’s certainly not the cheapest suburb in all of Adelaide – with a median of more than $1m, Rose Park is one of the city’s most prestigious suburbs.Full summary
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It’s certainly not the cheapest suburb in all of Adelaide – with a median of more than $1m, Rose Park is one of the city’s most prestigious suburbs.Close
But the neighbourhood offers a range of villas and period homes priced from around half a million dollars, which are proving to be popular with owner-occupiers and investors alike, says Hamish Will, auctioneer and salesperson at Harcourts Brock Williams in Adelaide.
“The top end of the market is going very strong. It’s definitely a vendors’ market, as there are a lot of buyers ready to buy, including a mix of locals, interstate and eastern seaboard buyers, as well as buyers from offshore in China and India,” explains Will.
“They love a villa – a Victorian villa in a city fringe location is in high demand. I’m marketing one in Hewitt Avenue, Rose Park, at the moment and we’re just getting rushed off our feet.”
Auctions have proven a popular strategy for vendors keen to secure a strong price, but some two- and three-bedroom homes in the area are still offered for private treaty sale.
“There is a shortage of stock and a real supply and demand issue,” Will adds. “There are more people than houses, so I think it will continue to go very strongly.”