SA has seen average median house prices change by 3.56% which means that Rose Park, 5067 has done well for property investors by showing a capital gain of 5.49% over the last year
The five-year average increase in median property values for Rose Park,5067 has given property investors a potential capital gain of 26.21% across each of those five years.
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.
In the last year 16 properties changed hands in Rose Park, which puts it as the 409th most active market in SA when comparing the number of sales per suburb.
Giving property investors a a poor capital gain of -25.63% for the last year, Rose Park, 5067 is the 1711th highest performer in Australia in this respect.
Rose Park,5067 has offered an average of -25.63% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Rose Park is offering property investors an average of -6.40. This rate of discount on properties puts Suburb at number 160th in terms of most discounted suburbs in SA
Residents and property investors in Rose Park have been waiting around 39 days to sell a property.
Rose Park is 192th on a list of best yielding suburbs for rents in SA with a 3.38% 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.”