Property value increases in Rose Park have tracked higher than the SA average of 3.04% over the last 12 months.
Rose Park,5067 was ranked 861 in Australia by increase in median property value over the quarter.
At number 35th of SA’s most discounted properties, Rose Park is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Rose Park the average time real estate has been on the market is 39.9 days.
Property investors who have had real estate in Rose Park, 5067 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -28.97%
While Rose Park,5067 ranked number 47th in SA for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Rose Park is offering property investors an average of -6.30. This rate of discount on properties puts Suburb at number 138th in terms of most discounted suburbs in SA
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
Property investors should expect to get $365 weekly from the median priced house in this 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.”