Royal Park, 5014 ranked 130th in SA when comparing growth in median property values or capital gain over the last 12 months. Royal Park is one of 853 in our list for SA
Comparing Royal Park,5014 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Royal Park, 5014 is offering SA ‘s 286th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this SA.
In the last year 55 properties changed hands in Royal Park, which puts it as the 149th most active market in SA when comparing the number of sales per suburb.
The SA suburb of Royal Park, 5014 is in the Charles Sturt local government area.
Giving property investors a a poor capital gain of -15.63% for the last year, Royal Park, 5014 is the 1645th highest performer in Australia in this respect.
While Royal Park,5014 ranked number 146th in SA for increase in median house value (annualised) increase, it is ranked 149th over the last 5 years.
Royal Park, 5014’s gross rental yield is 5.41%
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
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Stock falls in parkland suburb
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