Suburb Profile Report for Royal Park SA (5014)

Royal Park House: Median price $430,000, Annual capital growth 2.51%, Number of sales 59, Weekly median advertised rent $360

Royal Park Unit: Median price $335,250, Annual capital growth 4.78%, Number of sales 14, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Royal Park, 5014 have given investors a capital gain of 7.23%. This compares favourably with the 1.50% for SA as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Royal Park comes in at number 54th in SA.

LACK OF BUYER INTEREST may well be the reason that Royal Park is offering property investors an average of -6.61. This rate of discount on properties puts Suburb at number 282th in terms of most discounted suburbs in SA

At number 1559 in a list of fastest selling suburbs, Royal Park is just in the top half of suburbs in Australia with an average of days on market 60.82 for properties listed there.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 2.51%, investors should hope to achieve an overall return of 4.35%

Royal Park is an average performer in SA when comparing median price capital growth over the last year. Royal Park gave property investors a good capital gain figure when compared to the rest of the state, with 4.78%.

Across a shorter period, Royal Park, 5014 has seen a median price increase of 4.93% over the last quarter.

With the median price for a house in Royal Park being $335250 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 5.27%

Information supplied by:


August 2017

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With the limited demand in Adelaide, Royal Park has responded by lowering the supply in the local market, especially when it comes to houses.Full summary

Stock falls in parkland suburb

Postcode: 5014

Median unit price: $372,500

Stock on market: -28.10%

12-month growth: 24.17%

With the limited demand in Adelaide, Royal Park has responded by lowering the supply in the local market, especially when it comes to houses. 

This reduced supply could have amped up apartment values, as they’ve soared by over 24% over the past 12 months leading up to May 2017. Even with this increase, such properties are still affordable at a median price of just $372,500.

Several reserves are located in Royal Park, such as Carnegie Reserve and Royal Reserve. Hendon Primary School is situated here as well. In addition, the suburb is less than 30 minutes’ drive from Adelaide, which increases its appeal with commuters. Adelaide’s CBD can also be reached by taking the 118 bus from the stop at Tapleys Hill Road.

Close
Metrics i HOUSE UNIT
$430,000 $335,250
6.55% 4.93%
7.23% 4.78%
2.51% 4.78%
$360 $340
59 14
4.35% 5.27%
60.82 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2863
Median household income ($/weekly) 868
Median age of persons 39
Median housing loan repayment ($/monthly) 1500
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 316 11.0
    25-34 years 443 15.5
    35-44 years 398 13.9
    45-54 years 371 13.0
    55-64 years 339 11.8
    Others 996 34.8
    Age Group
    Census Count Percent(%)
    Not Married 1055 47.7
    Registered Married 954 43.1
    Defacto Relationship 203 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1869 69.6
    Egypt 75 2.8
    Japan 87 3.2
    United Kingdom 93 3.5
    Other 167 6.2
    Others 396 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.6
    Christianity 1891 75.1
    Islam 17 0.7
    Other Religious Groups 23 0.9
    No Religion 540 21.4
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 154 14.1
    $400-$599 161 14.8
    $600-$799 115 10.6
    $1,000-$1,249 111 10.2
    $1,500-$1,999 119 10.9
    Others 429 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 936 41.9
    Employed, worked full-time 762 34.1
    Employed, worked part-time 374 16.7
    Employed, away from work 86 3.8
    Unemployed, looking for work 77 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 171 14.0
    Technicians & trades workers 220 18.0
    Clerical & administrative workers 196 16.1
    Sales 132 10.8
    Labourers 138 11.3
    Others 362 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 33 6.1
    Infants/Primary 233 42.8
    Secondary 138 25.3
    Technical or Further Educational Institution 54 9.9
    University or other Tertiary Institutions 73 13.4
    Others 14 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2421 89.1
    Semi-detached, row or terrace house, townhouse 188 6.9
    Flat, unit or apartment 95 3.5
    House or flat attached to a shop, office 8 0.3
    Improvised home, tent, sleepers out 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 406 35.2
    Being purchased 395 34.3
    Rented 339 29.4
    Other tenure type 13 1.1
    Tenure Type
Census 2011, ABS
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