Property investors who have had real estate in Rose Park, 5067 should be 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 18.85%
The five-year average increase in median property values for Rose Park,5067 has given property investors a potential capital gain of 28.48% across each of those five years.
At number 30th 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.
Often selling an investment property can take time, and in Rose Park the average time real estate has been on the market is 38.5 days.
Property investors who have had real estate in Rose Park, 5067 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -22.77%
Taking the average capital gain, or increase in median house value, Rose Park,5067 has racked up an average of -22.77% over the period. This ranks it number 42th in the whole country for real estate investors looking at median house price increases.
Rose Park5067 is located in SA which offers an average discount of -6.37% to property investors. Rose Park itself is showing figures that indicate -4.14% is the average achievable by property buyers investing in the suburb.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 12.13%.
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.”