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Renown Park

POSTAL CODE: SA, 5008
HOUSE

Property investors enjoyed capital gains of 4.03% over the last 12 months in RENOWN PARK, translating to lower returns compared with its peers in SA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 7.94% growth over a ten-year period. It ranks 1263rd on our list of suburbs that property investors should look into.

RENOWN PARK, 5008 has a capital gain of 4.03% for the past year, which is lower than average compared to its 82% growth within a five-year period.

With the median home price in RENOWN PARK sitting at $930,000, and the average rent at $640, property owners could potentially earn a 3.58% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in RENOWN PARK are low, as opposed to average gains per annum over the past five years.

RENOWN PARK, 5008 in SA belongs to the local government area of Charles Sturt.

Surburb overview

Renown Park, located just 4 kilometres northwest of Adelaide’s central business district, is a small, residential suburb in the City of Charles Sturt. With a population of around 2,000 residents, Renown Park is known for its proximity to the city while maintaining a quiet, suburban atmosphere. The area attracts a diverse range of residents, including young professionals, families, and retirees, all seeking the convenience of city living with a relaxed suburban feel.

Public transport options in Renown Park are well-established, with frequent bus services along Torrens Road and South Road providing easy access to Adelaide’s CBD and surrounding suburbs. Additionally, the nearby Croydon railway station offers train services to the city, making the suburb a convenient location for commuters.

Renown Park’s amenities are closely tied to its neighbouring suburbs. Essential services such as shopping, healthcare, and schools are easily accessible in nearby areas like Prospect and North Adelaide. Residents have access to local shops and cafes, while larger shopping precincts, including Northpark Shopping Centre and the Adelaide Aquatic Centre, are just a short drive away. Several schools are within easy reach, including Brompton Primary School and Blackfriars Priory School in Prospect.

Recreational opportunities in Renown Park are focused on its green spaces and parks. MJ McInerney Reserve, located within the suburb, offers a playground and sports facilities, providing a space for families and outdoor activities. The Linear Park Trail, following the River Torrens, is also nearby, offering walking and cycling paths that connect to the Adelaide city centre. With its convenient location, access to essential services, and community-focused amenities, Renown Park provides a balanced lifestyle for those seeking to live close to the city without sacrificing suburban comforts.

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