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Royal Park, SA 5014

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 Royal Park, SA 5014 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Royal Park, SA 5014”

  1. The total adult population (15 years or older) of Royal Park 5014 SA is 2,894, with a median age of 37. Of those, 38.80% are married, 13.06% are divorced or separated, 41.78% are single and 5.94% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,328. The median monthly mortgage repayment for households in this suburb is $1,560 which is 21.29% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of ROYAL PARK 5014, situated in South Australia, hosts approximately 1881 households. According to data for Q3 2023, typical housing prices within the area rest at $634,882. These houses attract a median weekly rent of $469, generating an indicative yield of 3.84%.

    The socioeconomic score (IRSAD) for the suburb stands at 937 out of a possible 1217, signalling relatively stable socio-economic conditions, with a mix of income levels and occupations within its residents. The ratio of renters to owners within the property market sits at a balanced 31%, meaning there is a good blend of owner-occupiers and rental properties. The ratio of units to houses is remarkably low at just 8%, showing a clear preference towards individual housing over apartment-style living within the suburb.

    In terms of housing affordability, current conditions suggest that a resident would need around 34 years to fully own a property; This is somewhat above the typical 30-year mortgage term, indicating a slightly lesser degree of affordability. Despite this, other factors present favourable investment terrain. For instance, the stock on market Percentage for houses is a promising 0.34%, indicating relatively lower supply.

    This is further confirmed by an inventory level for houses sitting at 1.24 months demonstrating the limited supply in the market which favours sellers and landlords. New builds are only slightly impacting the market with a building approvals Ratio for houses of just 0.46%.

    Properties in the area tend to sell quickly. The average days on market for houses in the suburb is a brisk 17 days, demonstrating robust demand for properties. Further urging potential property investors is the area’s low vacancy rate (combined houses and units) sitting at a mere 0.34% which implies a very high demand for rental properties.

    Finally, with a buy search index for houses at 5, there is a solid interest in property purchasing amongst buyers.

    Taken together, the data on the ROYAL PARK 5014 property market shows a picture of robust demand and favourable yield, mixed with an inventory and stock on market situation that show clear benefits for property owners and investors. We recommend leveraging the Relative Composite Score (RCS) developed by HtAG Analytics for an extensive analysis that encapsulates over 80 metrics.

    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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