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Elizabeth Park suburb profile

Elizabeth Park is a residential suburb located in the northern part of Adelaide, South Australia. Known for its community-focused atmosphere, it offers a mix of housing options, including family homes and modern developments. The suburb is well-serviced by local amenities, including schools, parks, and shopping centres, making it a convenient choice for families and individuals. Elizabeth Park is also close to public transport links, providing easy access to the Adelaide CBD and surrounding areas. Its blend of suburban comfort and accessibility makes it an appealing option for those seeking a balanced lifestyle.

Elizabeth Park property market performance

Elizabeth Park’s property market has shown strong growth in the housing sector over the past 12 months, with house values increasing by 13.8%. The current median house price stands at $680,000. However, the unit market remains inactive, with no sales or price changes reported.

In terms of sales activity, 15 houses were sold in the past 12 months, with properties spending a median of 55 days on the market. This indicates a moderate demand for houses in the area.

The rental market for houses in Elizabeth Park has seen a modest increase, with average rent rising by 4.2% to $500 over the last 12 months. The unit rental market remains inactive, reflecting the lack of unit sales and development in the suburb.

HousesUnits
Median price
Past 3 months
$660KN/A
Change in value
Past 12 months
14.4%N/A
Sold
Past 3 months
21N/A
Median days on market
Past 12 months
53N/A
Average rent
Past 12 months
$500N/A
Change in rent
Past 12 months
2.0%N/A

5 year median price trend for houses and units

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Elizabeth Park demographics

Elizabeth Park, located in the northern suburbs of Adelaide, is a community-oriented area known for its affordability and family-friendly environment. With a population of 4,428 and a median age of 33, the suburb is home to a mix of young families and established residents. The median total household income is $1,003 per week, reflecting the suburb's appeal to those seeking cost-effective living options while still enjoying the amenities of suburban life.

Family dynamics in Elizabeth Park are diverse, with couple families with children making up 36.6% of the population, and one-parent families accounting for 33.5%. This indicates a strong presence of family households, contributing to a supportive community atmosphere. The suburb also accommodates couple families without children, which make up 26.3% of the population, highlighting its appeal to a range of family structures.

In terms of housing, Elizabeth Park offers a variety of options. Approximately 19% of properties are owned outright, while 33.5% are owned with a mortgage, indicating a stable homeownership base. Additionally, 47.5% of properties are rented, providing flexibility for those not ready to commit to buying. This mix of ownership and rental properties ensures that Elizabeth Park caters to both long-term residents and those seeking temporary accommodation. The suburb's accessibility to local amenities, schools, and parks makes it an attractive choice for families and individuals alike.

Suburbs near Elizabeth Park

Some popular suburbs near Elizabeth Park include:

How does Elizabeth Park compare to nearby suburbs?

  • Median house prices: Elizabeth Park’s median house price is 3.8% higher than Elizabeth North’s.
  • House price growth: Over the past 12 months, house prices in Elizabeth Park have grown 1.7% higher than in Elizabeth Downs.
  • Selling speed for houses: Properties in Elizabeth Park are selling 7.0% faster than in Elizabeth Downs.
  • House price growth: Over the past 12 months, house prices in Elizabeth Park have grown 34.5% lower than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Elizabeth Park have grown 15.9% lower than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Elizabeth Park

Currently, there are 61 real estate agents working in Elizabeth Park—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 61 agents sold 26.6% of all properties in Elizabeth Park over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Elizabeth Park typically charge a commission of 1.5% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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