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.
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.”