Rose Park House: Median price $1,900,000, Annual capital growth 4.69%, Number of sales 10, Weekly median advertised rent $580
Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.
Property investors should expect to get $580 weekly from the median priced house in this suburb.
Apartment prices nosedive
Median unit price: $500,500
Three-year growth: 2.2%
Rental yield: 3.1%
Following slight growth three years previously, the unit market in the suburb of Rose Park plummeted by 17.9% over the past 12 months leading up to November 2017.
With the median value falling to just over $500,000, however, this could be a time for investors to capitalise on this once-affluent suburb. Rose Park is just a stone’s throw from the Adelaide CBD, which makes it a good option for those employed in the area. There is a primary school in the suburb, and the commercial area is centred on Fullarton Road, Kensington Road and Dulwich Avenue.
Victoria Park forms part of the border of Rose Park, which is located at the edge of the Adelaide Park Lands. Its proximity to Adelaide gives residents easy access to the city’s amenities.
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