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%
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