Suburb Profile Report for Royal Park SA (5014)

Royal Park House: Median price $426,000, Annual capital growth 3.70%, Number of sales 55, Weekly median advertised rent $360

Royal Park Unit: Median price $319,750, Annual capital growth 20.59%, Number of sales 22, Weekly median advertised rent $333

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

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%

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
$426,000 $319,750
-3.18% -4.40%
6.50% -15.63%
3.70% 20.59%
$360 $333
55 22
4.39% 5.41%
59.83 N/A

Source: CoreLogic

DSR Score for property investment : 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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