Suburb Profile Report for Royal Park SA (5014)

Royal Park House: Median price $420,000, Annual capital growth 1.30%, Number of sales 40, Weekly median advertised rent $380

Royal Park Unit: Median price $360,000, Annual capital growth -3.91%, Number of sales 10, Weekly median advertised rent $350

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

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Property investors who have had real estate in Royal Park, 5014 should be relatively 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 -1.41%

Royal Park,5014 has offered an average of -1.41% return per annum in house price rises to property investors over the last three years.

Advertised rents are around the $380 mark per week – giving a return of 4.70% based on the median price in Suburb

On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of -3.91%, investors should hope to achieve an overall return of 5.06%

Information supplied by:


August 2017

M
O

W
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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.

Metrics i HOUSE UNIT
$420,000 $360,000
3.19% 2.49%
-1.41% N/A
1.30% -3.91%
$380 $350
40 10
4.70% 5.06%
60.15 N/A

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (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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