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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $530,000.
The upward trend in home prices in ROYAL PARK, 5014 averaged 7.28% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 4.22% increase in returns based on the current median price in ROYAL PARK.
An average of 5.92 real estate transactions take place per month in ROYAL PARK which translates to 71 per annum.
71 properties were sold in ROYAL PARK in 2016, making it the 54th most active market in SA based on total real estate transactions.
ROYAL PARK, 5014 places 231st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.78%||12.33%|
|Median 3 years||21.84%||21.99%|
|Median 5 years||35.9%||N/A|
|10 years average annual||4.56%||3.1%|
|Weekly media advert. rent||$430||$340|
|Time on Market||57.8 days||115.8 days|
|Gross Rental Yield Percent||4.22%||4.37%|