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Elizabeth Park

POSTAL CODE: SA, 5113
HOUSE

ELIZABETH PARK, 5113 ranks 827th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.6% for property investors.

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 $590,000.

The upward trend in home prices in ELIZABETH PARK, 5113 averaged 24.51% per annum over a 3-year period.

Average weekly rents on listings have reached the $495 mark, reflecting a 4.36% increase in returns based on the current median price in ELIZABETH PARK.

An average of 8.75 real estate transactions take place per month in ELIZABETH PARK which translates to 105 per annum.

105 properties were sold in ELIZABETH PARK in 2016, making it the 488th most active market in SA based on total real estate transactions.

ELIZABETH PARK, 5113 places 158th in Australia based on median property value growth during the quarter.

Surburb overview

Elizabeth Park, located approximately 26 kilometres north of Adelaide's central business district, is a residential suburb in South Australia that is part of the broader Elizabeth area. It falls within the City of Playford, a large and diverse local government area known for its mix of residential, commercial, and industrial zones. Elizabeth Park has a population of around 6,000 residents, with a demographic mix that includes families, young professionals, and retirees who are drawn to the suburb for its affordability, community spirit, and convenient access to essential amenities.

Public transportation in Elizabeth Park is well-serviced by Adelaide Metro buses, offering regular services to the Adelaide CBD and surrounding suburbs. The nearby Womma and Elizabeth railway stations provide additional public transport options, making commuting to the city and other parts of Adelaide convenient. The suburb is also easily accessible by car via major roads such as Main North Road and the Northern Expressway, providing quick routes to the city, northern regions, and beyond.

Elizabeth Park is characterized by its suburban layout, featuring a mix of mid-century homes, newer developments, and townhouses. The housing in the suburb includes a variety of styles, catering to different needs and budgets, which makes it an attractive option for a wide range of residents. The residential areas are generally quiet, with many properties featuring spacious yards and gardens, contributing to a family-friendly atmosphere.

Elizabeth Park is close to several shopping centres, including the Elizabeth City Centre, one of the largest shopping complexes in Adelaide. The nearby Playford Alive Town Centre and Munno Para Shopping City offer additional shopping and dining options, enhancing the suburb's appeal.

Educational facilities in Elizabeth Park are comprehensive, making it a popular choice for families. The suburb is home to several schools, including Elizabeth Park Primary School and St. Thomas More School. Additionally, the nearby Mark Oliphant College offers further educational opportunities for older students.

The suburb is home to several parks, including Fremont Park and Ridley Reserve, which offer playgrounds, sports fields, walking paths, and spaces for community events and outdoor activities. The nearby Playford Civic Centre and Aquadome provide additional options for fitness, swimming, and social activities. Elizabeth Park also hosts various local events throughout the year, fostering a strong sense of community among its residents.

Elizabeth Park’s combination of affordable housing, strong transport links, and access to a wide range of amenities makes it an attractive location for a diverse range of residents. The suburb’s family-friendly environment, proximity to educational and shopping facilities, and ongoing community development continue to attract those seeking a balanced and comfortable lifestyle in one of Adelaide’s northern suburbs.

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