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Renown Park, SA 5008
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,055,000
list-price estimate
Median Unit
$485,000
market range $450K-$725K
Gross Yield
-
1yr Growth (units)
+20.0%
market range +7.5% to +25.0%
Investment snapshot for Renown Park
Renown Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Renown Park market and investor summary
Renown Park sits in SA, postcode 5008. At 1.6% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Renown Park: people, income and schools
Renown Park has a resident population of roughly 1,663, and the area has been growing steadily, up about 7% over five years. The median age is 37, broadly working-age, with renters making up 51% of households.
Households here earn a median of about $61,000 a year, or roughly $1,160 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Incomes have risen about 35% over five years, which tends to underpin what local buyers can pay.
There are 72 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 4.7 km from the CBD. It is fairly car-dependent; the suburb scores 43 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 1,663
- +7% over 5yr
- Median age
- 37 years
- Median household income
- $61,000/yr
- Households renting
- 51%
- Family households
- 57%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 72
- avg ICSEA 1006
- Unemployment
- 4.2%
- Distance to CBD
- 4.7 km
- Walk score
- 43/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Renown Park
View all →Frequently asked questions about Renown Park
What should I check before investing in Renown Park?
Renown Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Renown Park?
The median property price in Renown Park, SA 5008 is $485K for units.
How tight is the rental market in Renown Park?
The current vacancy rate in Renown Park is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Renown Park?
Renown Park has a population of approximately 1,663 residents, with a median age of 37.
What schools are near Renown Park?
There are 72 schools within roughly 5km of Renown Park. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Renown Park's population growing?
The population of Renown Park has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Renown Park from the CBD?
Renown Park is about 4.7 km from the CBD.
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