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Risdon Park South

POSTAL CODE: SA, 5540
HOUSE

Property investors have seen a 6.64% gain in RISDON PARK SOUTH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on RISDON PARK SOUTH, 5540 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 21.77%.

Based on its average 5-year and quarterly capital gains RISDON PARK SOUTH, 5540 saw average growth in the long term.

The SA 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 $377,500

Profits averaged 11% per annum over a 3-year period, due to an upward trend in home prices in RISDON PARK SOUTH, 5540.

This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

The gross rental yield in RISDON PARK SOUTH, 5540 is 5.23%.

An average of 3.67 real estate transactions take place per month in RISDON PARK SOUTH which translates to 44 per annum.

Surburb overview

Risdon Park South, a quiet residential suburb located within the Port Pirie region of South Australia, is approximately 225 kilometres north of Adelaide’s central business district. As part of the Port Pirie Regional Council, this suburb shares many amenities and services with the nearby town of Port Pirie, making it a convenient location for those working in the industrial and service sectors that define the area’s economy. The population of Risdon Park South is part of the broader Port Pirie region, which has around 14,000 residents.

Public transportation in Risdon Park South is limited to local bus services that connect the suburb with surrounding areas, but most residents rely on private vehicles for commuting and daily activities. The suburb is well-connected by major roads, offering easy access to the Port Pirie town centre, which is only a short drive away.

Essential services such as schools, shops, and healthcare are within easy reach of Risdon Park South. The nearby Risdon Park Primary School serves the local community, while the broader Port Pirie area offers secondary education options and various shopping centres. Residents also have access to the Port Pirie Regional Health Service, ensuring comprehensive healthcare is available close by.

Recreational opportunities in Risdon Park South include access to parks and green spaces where families and individuals can enjoy outdoor activities. The nearby Port Pirie Foreshore and Solomontown Beach provide additional recreational options, with opportunities for fishing, walking, and picnicking along the waterfront. The town's sporting facilities, such as Risdon Park Oval, support local sports clubs and community events. With its close proximity to essential services and the Port Pirie town centre, Risdon Park South offers a peaceful yet connected lifestyle for families and individuals seeking suburban comfort in a regional setting.

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