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 17.21%
Our latest figures would indicate that property sellers in Rose Park are currently offering property investors an average price cut of -9.71% below the asking price at the moment.
Rose Park, 5067 ranked 177th in SA when comparing growth in median property values or capital gain over the last 12 months. Rose Park is one of 853 in our list for SA
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 74th of SA’s most discounted properties, Rose Park is in the middle of the state/territory when listing in order of most discounted to least.
Rose Park is 185th on a list of best yielding suburbs for rents in SA with a 3.76% return
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.”