Suburb Profile Report for Rose Park SA (5067)

Rose Park House: Median price $1,325,000, Annual capital growth 7.57%, Number of sales 17, Weekly median advertised rent N/A

Rose Park Unit: Median price $554,000, Annual capital growth 15.50%, Number of sales 19, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1267th in the list of Australian suburbs ordered by increase in median house value over the last year, Rose Park, 5067 is in the top 40% with a property value increase of 8.61% recorded in median house prices.

Across a shorter period, Rose Park, 5067 has seen a median price increase of -2.93% over the last quarter.

At number 1293th in the list of Australian suburbs ordered by increase in median house value over the last year, Rose Park, 5067 is in the BOTTOM 30% with a property value increase of -2.81% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rose Park has increased when compared to the 5 year average annual rate.

Rose Park, 5067 is offering SA ‘s 16th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this SA.

Residents and property investors in Rose Park have been waiting around 59.2 days to sell a property.

Situated 2.57km from the CBD, Rose Park is one of Burnside localities in the postcode 5067.

YIP MAG Information supplied by:

YIP MAG
February 2016

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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.Full summary
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.

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.”
Close
HOUSE UNIT
$1,325,000 $554,000
-2.93% -17.68%
8.61% -2.81%
7.57% 15.50%
N/A $360
17 19
N/A 3.38%
N/A 59.2

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Rose Park SA
Demographics
Total population 1397
Median household income ($/weekly) 1878
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 182 13.0
    25-34 years 144 10.3
    35-44 years 162 11.6
    45-54 years 207 14.8
    55-64 years 199 14.2
    Others 503 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 502 52.6
    Not Married 362 37.9
    Defacto Relationship 91 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 944 71.6
    Croatia 40 3.0
    Malta 47 3.6
    United Kingdom 96 7.3
    Other 35 2.7
    Others 156 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 2.3
    Christianity 766 61.4
    Hinduism 8 0.6
    Islam 28 2.2
    No Religion 412 33.0
    Others 5 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 9.5
    $1,500-$1,999 61 13.1
    $2,500-$2,999 66 14.2
    $3,000-$3,499 42 9.1
    $4,000 or more 54 11.6
    Others 197 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 385 35.2
    Employed, worked full-time 374 34.2
    Employed, worked part-time 248 22.7
    Employed, away from work 55 5.0
    Unemployed, looking for work 31 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 105 15.5
    Professionals 321 47.3
    Community & personal service workers 44 6.5
    Clerical & administrative workers 77 11.4
    Sales 52 7.7
    Others 79 11.7
    Occupation
    Census Count Percent(%)
    Pre-school 20 4.9
    Infants/Primary 135 32.9
    Secondary 75 18.3
    Technical or Further Educational Institution 19 4.6
    University or other Tertiary Institutions 149 36.3
    Others 12 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 821 68.4
    Flat, unit or apartment 254 21.2
    Semi-detached, row or terrace house, townhouse 125 10.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 191 37.5
    Rented 171 33.5
    Being purchased 148 29.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals