At number 242th in the list of Australian suburbs ordered by increase in median house value over the last year, Rose Park, 5067 is in the top 10% with a property value increase of 19.49% recorded in median house prices.
A 15.57% growth in median value for property investors in Rose Park,5067 puts this suburb at number 105th in terms of best performing suburbs in SA
In the last year 17 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.
Rose Park is in the bottom 10% in SA when comparing median price capital growth over the last year. Rose Park gave property investors a dismal capital gain figure when compared to the rest of the state, with -30.01%.
Rose Park,5067 has offered an average of -30.01% return per annum in house price rises to property investors over the last three years.
Rose Park5067 is located in SA which offers an average discount of -6.20% to property investors. Rose Park itself is showing figures that indicate -9.03% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Rose Park the average time real estate has been on the market is 56.63 days.
Advertised rents are around the $385 mark per week – giving a return of 4.13% 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.”