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Redwood Park

POSTAL CODE: SA, 5097
HOUSE

Homeowners and real estate investors betting on REDWOOD PARK, 5097 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 12.79%.

A steady increase in median property prices over a five-year period in the suburb translates to a 33.29% capital gain.

Property investors in REDWOOD PARK enjoyed capital gains of 12.79% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $817,750.

Profits due to an upward trend in home prices there averaged 11.1% per annum over a 3-year period.

Home owners selling their properties and realtors in REDWOOD PARK usually have to wait an average of 35.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $615 mark, reflecting a 3.91% increase in returns based on the current median price in REDWOOD PARK.

REDWOOD PARK, 5097 places 97th in Australia based on median property value growth during the quarter.

Surburb overview

Redwood Park, located approximately 20 kilometres northeast of Adelaide’s central business district, is a quiet, family-friendly suburb within the City of Tea Tree Gully. With a population of around 3,000 residents, Redwood Park is primarily a residential area known for its leafy streets, spacious homes, and strong sense of community. It is a popular choice for families, professionals, and retirees who appreciate its proximity to both nature and essential services.

Public transport options in Redwood Park are convenient, with bus services connecting the suburb to Adelaide’s CBD and other surrounding areas. The O-Bahn busway, accessible from nearby Modbury, provides a quick and efficient route to the city, making Redwood Park a suitable location for commuters. Many residents also rely on private vehicles for daily travel, with major roads providing easy access to the broader metropolitan area.

The suburb is well-served by essential amenities. The nearby Tea Tree Plaza shopping centre, located in Modbury, offers a wide range of retail stores, supermarkets, cafes, and entertainment options, including cinemas and restaurants. Redwood Park has several schools within easy reach, including Redwood Park Primary School and nearby high schools such as Banksia Park International High School. Healthcare services are also close by, with the Modbury Hospital providing medical care to the local community.

Recreational opportunities in Redwood Park are abundant, with numerous parks and green spaces scattered throughout the suburb. Illyarrie Reserve and the nearby Tea Tree Gully Recreation Park offer walking trails, playgrounds, and sporting facilities, providing spaces for outdoor activities and relaxation. For nature enthusiasts, the Anstey Hill Recreation Park is a short drive away, offering hiking trails with scenic views of the Adelaide Hills. With its family-friendly atmosphere, access to amenities, and connection to both the city and nature, Redwood Park is a desirable suburb for those seeking a peaceful yet well-connected lifestyle.

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