Rose Park, 5067 ranked 40th 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
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rose Park, 5067. Typically our figures indicate that -9.71% is being offered, which puts this SA suburb at 388th most discounted overall in Australia.
Over the last year, property investments in Rose Park, 5067 have given investors a capital gain of -28.06%. This compares very badly with the 3.64% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Rose Park comes in at number 4th in SA.
Rose Park5067 is located in SA which offers an average discount of -6.26% to property investors. Rose Park itself is showing figures that indicate -4.50% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $360 mark per week – giving a return of 3.71% based on the median price in Suburb
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.”