Rose Park (postcode 5067) is a small locality in South Australia within the Burnside local government area. It is home to about 1,375 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $125K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Rose Park stand at $3.1 million, having climbed sharply by 15.4% over the last twelve months. The current median weekly rent is $710. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,600.
Rose Park is served by 1 school, including 1 primary. The average ICSEA score is 1162, which is well above the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Burnside LGA is below average at 2,836 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.2%, which reads as low yield. Property prices are above the state median ($3.1M/$950K), placing it in the premium segment. The price-to-income ratio of 24.8x is considered stretched. House prices have moved +15.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.