Redwood Park is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5097). With a population of 5,367, the suburb has an established demographic with a median age of 40. Households earn a median income of $95K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Redwood Park is $855,000, having grown strongly 9.9% over the past year. Units have a median price of $480,000 (+38.3% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,517.
Redwood Park is served by 1 school, including 1 primary. The average ICSEA score is 1032, which is around the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 2,105 incidents per 100,000 population.
From an investment perspective, Redwood Park offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($855K/$950K). The price-to-income ratio of 9.0x is considered moderate. House prices have moved +9.9% year-on-year.
Redwood Park is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5097). With a population of 5,367, the suburb has an established demographic with a median age of 40. Households earn a median income of $95K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Redwood Park is $855,000, having grown strongly 9.9% over the past year. Units have a median price of $480,000 (+38.3% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,517.
Redwood Park is served by 1 school, including 1 primary. The average ICSEA score is 1032, which is around the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 2,105 incidents per 100,000 population.
From an investment perspective, Redwood Park offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($855K/$950K). The price-to-income ratio of 9.0x is considered moderate. House prices have moved +9.9% year-on-year.