Over the last year, property investments in Rose Park, 5067 have given investors a capital gain of 12.60%. This compares very favourably with the 4.22% for SA as a whole.
Over the longer term, Rose Park has seen property prices show investors a 29.40% return over the last 3 years. This is worse than over the last 12 months
Situated 2.77km from the CBD, Rose Park is one of Burnside localities in the postcode 5067.
Property value increases in Rose Park have tracked just lower than the SA average of 2.79% over the last 12 months.
Taking the average capital gain, or increase in median house value, Rose Park,5067 has racked up an average of -7.04% over the period. This ranks it number 82th in the whole country for real estate investors looking at median house price increases.
Rose Park is 194th on a list of best yielding suburbs for rents in SA with a 3.31% return
It’s certainly not the cheapest suburb in all of Adelaide – with a median of more than $1m, Rose Park is one of the city’s most prestigious suburbs.Full summary
Information supplied by:
It’s certainly not the cheapest suburb in all of Adelaide – with a median of more than $1m, Rose Park is one of the city’s most prestigious suburbs.Close
But the neighbourhood offers a range of villas and period homes priced from around half a million dollars, which are proving to be popular with owner-occupiers and investors alike, says Hamish Will, auctioneer and salesperson at Harcourts Brock Williams in Adelaide.
“The top end of the market is going very strong. It’s definitely a vendors’ market, as there are a lot of buyers ready to buy, including a mix of locals, interstate and eastern seaboard buyers, as well as buyers from offshore in China and India,” explains Will.
“They love a villa – a Victorian villa in a city fringe location is in high demand. I’m marketing one in Hewitt Avenue, Rose Park, at the moment and we’re just getting rushed off our feet.”
Auctions have proven a popular strategy for vendors keen to secure a strong price, but some two- and three-bedroom homes in the area are still offered for private treaty sale.
“There is a shortage of stock and a real supply and demand issue,” Will adds. “There are more people than houses, so I think it will continue to go very strongly.”