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Hyde Park suburb profile

Hyde Park is an affluent suburb located just 5km south of Adelaide's CBD, renowned for its elegant tree-lined streets and heritage homes. This prestigious area offers a sophisticated lifestyle with a blend of historic charm and modern amenities. King William Road, a prominent feature of Hyde Park, is a bustling hub of boutique shopping, gourmet dining, and chic cafes, attracting both locals and visitors. The suburb's proximity to quality schools, parks, and public transport enhances its appeal, making it a highly sought-after location for families and professionals seeking a refined urban living experience.

Hyde Park property market performance

Current median dwelling price$3,694,820Past 3 months

Property growth+1.5%Past 12 months

Hyde Park’s property market has shown a positive trend in house values over the past 12 months, with a 6.2% increase, bringing the median house price to $1.84 million. However, the unit market has remained stagnant, with no change in median value and a median price of $0, indicating limited activity in this segment.

Sales activity has been relatively low, with 12 houses and only 1 unit sold in the past 12 months. Houses are taking longer to sell, with a median of 64 days on the market, while the unit market shows negligible activity.

In the rental market, house rents have increased by 4.0% over the last 12 months, with an average rent of $775. Units have seen a more significant change, with a 13.0% increase in rent, averaging $565, suggesting a stronger demand for rental units despite the stagnant sales market.

HousesUnits
Median price
Past 3 months
$1.84MN/A
Change in value
Past 12 months
5.4%-2.5%
Sold
Past 3 months
102
Median days on market
Past 12 months
64N/A
Average rent
Past 12 months
$740$560
Change in rent
Past 12 months
-1.3%12.0%

5 year median price trend for houses and units

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Hyde Park demographics

Hyde Park, located in the inner southern suburbs of Adelaide, is a charming and affluent area known for its leafy streets and elegant homes. With a population of 1,660, it offers a serene and sophisticated lifestyle, appealing to families and professionals alike. The median age of 45 suggests a mature community, with many residents enjoying the suburb's tranquil environment and proximity to the city center.

The suburb's housing market is characterized by a high rate of home ownership, with 39.8% of properties owned outright and 31.3% owned with a mortgage. This reflects a stable and established community, with many long-term residents. The rental market, comprising 28.9% of properties, provides options for those seeking flexibility, including young professionals and families.

Family life is a significant aspect of Hyde Park, with couple families with children making up 37.7% of the population and couple families without children accounting for 46.3%. The presence of quality schools, parks, and local amenities enhances its appeal to families. The suburb's proximity to the vibrant shopping and dining precincts of King William Road and Unley Road adds to its desirability, offering residents a blend of convenience and lifestyle.

Suburbs near Hyde Park

Some popular suburbs near Hyde Park include:

  • Malvern: Known for its elegant homes and tree-lined streets, Malvern is located directly east of Hyde Park.
  • Unley: Offering a vibrant shopping and dining scene, Unley is situated to the northeast of Hyde Park.
  • Millswood: Featuring charming character homes and lush parks, Millswood lies to the west of Hyde Park.
  • Goodwood: Known for its eclectic mix of cafes and cultural venues, Goodwood is located to the northwest of Hyde Park.
  • Unley Park: Renowned for its prestigious properties and leafy environment, Unley Park is situated to the south of Hyde Park.

How does Hyde Park compare to nearby suburbs?

  • Median house prices: Hyde Park’s median house price is 19.7% higher than Unley’s.
  • Median unit prices: Hyde Park’s median unit price is 656.7% higher than Unley’s.
  • House price growth: Over the past 12 months, house prices in Hyde Park have grown 3.3% higher than in Millswood.
  • Unit price growth: Property prices in nearby Unley have risen 0.6% more than in Hyde Park over the past year.
  • Selling speed for houses: Properties in Hyde Park are selling 14.7% faster than in Malvern.
  • Investment considerations: In Hyde Park, the rental yield for house is 17.1% higher than the Adelaide average, while the rental yield for units is 14.1% higher.
  • House price growth: Over the past 12 months, house prices in Hyde Park have grown 140.1% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Hyde Park have grown 24.6% higher than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Hyde Park

Currently, there are 24 real estate agents working in Hyde 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 24 agents sold 42.9% of all properties in Hyde 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 Hyde Park typically charge a commission of 1.13% to 2.5%. 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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