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Renown Park, SA 5008

Home » SA Real Estate Data » City of Charles Sturt, SA » Renown Park, SA 5008

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Renown Park, SA 5008 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Renown Park, SA 5008”

  1. The total adult population (15 years or older) of Renown Park 5008 SA is 1,418, with a median age of 37. Of those, 36.60% are married, 13.89% are divorced or separated, 44.50% are single and 4.30% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,432. The median monthly mortgage repayment for households in this suburb is $1,554 which is 24.16% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in South Australia, the suburb of Renown Park, postal code 5008, is a dwelling to approximately 917 households. This vibrant locale promises intriguing insights for property investors as of Q3, 2023. The typical price for houses in Renown Park circles around a handsome $735,439. The median weekly rent stands at $479, accounting for a satisfactory indicative yield of 3.39%.

    Delving deeper, the socio-economic landscape of Renown Park, as evinced by IRSAD score, portrays a fairly decent situation, with an IRSAD score of 935 out of 1217. This could hint at a modest disposable income among residents and a potential pool of renters. However, potential investors ought to tread cautiously with a somewhat high renter to owner ratio of 51%. Although the units to houses ratio is at a comfortable 14%, suggesting less competition amongst landlords for tenants, the renter saturation could possibly affect long-term returns.

    Concerning affordability, it might take approximately 45 years to completely own a property in Renown Park as per the current Affordability Index. This figure, although a tad exaggerated, should be taken with a pinch of caution by both prospective homeowners and investors.

    Assessing the supply metrics, there’s a borderline high supply situation. stock on market Percentage for houses is mildly high at 0.76%, although still within a reasonable boundary. The inventory Level is at 3.2 months, which is fairly neutral, indicating a balanced supply. Meanwhile, the building approvals Ratio is manageable at 0.57%, hinting at the potential of an increase in property supply.

    From the demand-side, houses in Renown Park appear to be hot off the press. A remarkably low days on market average, only 13 days, signifies high demand. This region’s meagre vacancy rate of 0.43% (negligibly differing between houses and units), further underscores the strong rental demand, thus potential for good rental returns. The buy search index for houses is at state average, at 5, depicting neutral demand from homebuyers.

    In summary, the property market in Renown Park presents a mixed bag of opportunities and challenges. Despite the higher than average renter ratio and affordability index, the low units to houses ratio alongside an exceptional demand metrics paint a promising picture for cashflow-focused property investors. As with any investment, it’s essential to employ market research tools such as RCS (Relative Composite Score) by HtAG Analytics, considering over 80 metrics, to automate and corroborate your findings against broader market conditions and trends.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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