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Royal Park
AREA REPORTS

Royal Park

Royal Park - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5014

house
unit

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.

Data report can be found below

Royal Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $530,000 $404,400
GROWTH REPORT
Median Quarterly 6% 0%
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%
demographics (median values)*
Total Population
11767
Weekly Household Income
1085
Household Size
2.20
Age
42
Monthly Loan Repayment
1543
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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