Royston Park SA Property Investment

THE MARKET

Median house price in Royston Park sits at $1,800,000 with 45 days on market and a 2.7% vacancy rate. This is a balanced market right now.

- **Median house:** $1,800,000 | **Units:** $356,814 - **Gross yield:** 1.9% | **Net yield:** 0.3% - **5yr price CAGR:** -5.7%/yr | **3yr forecast:** -6.4%/yr - **Population:** 17,128 | **Owner-occupier rate:** 34% | **Affluence:** High

- **Supply pipeline:** Moderate — Development activity consistent with long-term averages

RENTAL SNAPSHOT

- **Vacancy:** 2.7% (worsening) | **Rental demand:** Moderate - **Median weekly rent:** $640/wk | **Days on market:** 45 (stable) - Balanced market — vacancy manageable but monitor trend.

SHORT-TERM RENTAL

- **Median nightly rate:** $155/night | **Occupancy:** 64% - **Estimated annual STR gross:** ~$36,208/yr - **vs long-term rent:** $33,280/yr (comparable — LTR offers simpler management)

INFRASTRUCTURE & CATALYSTS

- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location

BULL CASE

If Royston Park maintains 3%+ annual growth and vacancy stays below 1.9%, median prices could reach $2,070,000 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Royston Park pull back 10-15% from $1,800,000, with vacancy rising to 4.9% and rental yields softening as tenants gain leverage.

KEY RISKS

- Negative price growth suggests a softening market

COMPARABLE MARKETS

- **Beaumont** (SA): $1,900,000 median, 2.5% yield, 9.5% 1yr growth - **Beulah Park** (SA): $1,600,000 median, 2.5% yield, 19.8% 1yr growth - **Brighton** (SA): $1,400,000 median, 2.8% yield, 5.6% 1yr growth

THE PLAY

Royston Park offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

- Entry range: $1,620,000 – $1,980,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.