Royal Park is a smaller suburb in South Australia within the Charles Sturt local government area (postcode 5014). With a population of 3,453, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $74K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Italian.
The median house price in Royal Park is $930,000, having surged 10.7% over the past year. Units have a median price of $585,000 (+19.3% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,560.
Royal Park is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Charles Sturt LGA is moderate at 6,661 incidents per 100,000 population.
From an investment perspective, Royal Park offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($930K/$950K). The price-to-income ratio of 12.6x is considered stretched. House prices have moved +10.7% year-on-year.
Royal Park is a smaller suburb in South Australia within the Charles Sturt local government area (postcode 5014). With a population of 3,453, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $74K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Italian.
The median house price in Royal Park is $930,000, having surged 10.7% over the past year. Units have a median price of $585,000 (+19.3% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,560.
Royal Park is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Charles Sturt LGA is moderate at 6,661 incidents per 100,000 population.
From an investment perspective, Royal Park offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($930K/$950K). The price-to-income ratio of 12.6x is considered stretched. House prices have moved +10.7% year-on-year.