Rose Park is an average performer in SA when comparing median price capital growth over the last year. Rose Park gave property investors a average capital gain figure when compared to the rest of the state, with 4.10%.
Rose Park,5067 has offered an average of 4.10% return per annum in house price rises to property investors over the last three years.
In the last year 11 properties changed hands in Rose Park, which puts it as the 461th most active market in SA when comparing the number of sales per suburb.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 2.74%, without taking into account capital value appreciation, which has been averaging out at 3.21%.
Investment property in Rose Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -17.88%
Rose Park,5067 has offered an average of -17.88% return per annum in house price rises to property investors over the last three years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.27% offered to property buyers. Sellers in Rose Park itself are offering an average vendor discount of -2.86% to real estate investors.
In the last year 13 properties changed hands in Rose Park, which puts it as the 161th most active market in SA when comparing the number of sales per 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.”