Over the last year, property investments in Rose Park, 5067 have given investors a capital gain of 11.89%. This compares very favourably with the 2.79% for SA as a whole.
Rose Park,5067 was ranked 415 in Australia by increase in median property value over the quarter.
In the last year 16 properties changed hands in Rose Park, which puts it as the 418th most active market in SA when comparing the number of sales per suburb.
Giving property investors a a solid capital gain of 47.76% for the last year, Rose Park, 5067 is the 2nd highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Rose Park comes in at number 2nd in SA.
The most recent median price for Rose Park is $609500, with sellers offering an average of -8.47% off the asking price.
Rose Park is 186th on a list of best yielding suburbs for rents in SA with a 3.35% 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.”