Royal Park is a smaller suburb in South Australia within the Charles Sturt local government area (postcode 5014). The area has roughly 3,453 residents and a blend of families and working-age professionals, with a median age of 37. Households earn a median income of $74K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Italian.
The median house price in Royal Park is $1.0 million, having grown strongly by 9.4% over the past year. Units have a median price of $585,000 (+19.3% YoY). The current median weekly rent is $562. This gives a gross rental yield of approximately 2.9%. 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.
On the investment side, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 13.8x is considered stretched. House prices have moved +9.4% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.