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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$3,693,320Past 3 months

Property growth+0.3%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
$1.83MN/A
Change in value
Past 12 months
6.2%-5.6%
Sold
Past 3 months
121
Median days on market
Past 12 months
64N/A
Average rent
Past 12 months
$775$565
Change in rent
Past 12 months
4.0%13.0%

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.

Hyde Park infrastructure, key developments and investment opportunities

Hyde Park continues to benefit from its position within the City of Unley and proximity to King William Road, one of Adelaide’s key boutique retail and dining precincts, which supports strong local business activity and underpins demand for nearby residential property.[1][5] Ongoing development of several medium-density apartment complexes in and around the suburb is gradually increasing housing choice, likely attracting more professionals and downsizers while adding to overall dwelling supply.[1]

Residents enjoy convenient access to the CBD via King William Road and nearby rail services on the Belair line from Millswood station, which enhances commute times and supports the suburb’s appeal for city workers.[1] The area is also well serviced by established education options, from childcare through to sought-after public and private schools in neighbouring suburbs, which is a key driver of family demand.[1] Together with access to larger retail hubs at Unley and Mitcham, plus major cultural and recreational attractions in the city, these amenities are likely to sustain Hyde Park’s high desirability and premium property values over the medium term.[1]

Hyde Park rental market trends

The rental market in Hyde Park has shown varied growth, with house rents increasing by 4.0% over the past year to $775 per week, while unit rents have surged 13.0% to $565 per week. This dynamic suburb continues to attract renters and investors alike, offering a blend of lifestyle and investment potential in a sought-after location.

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 7.1% 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 4.9% higher than in Millswood.
  • Unit price growth: Over the past 12 months, unit prices in Hyde Park have grown 11.1% higher than in Unley.
  • Selling speed for houses: Properties in Hyde Park are selling 11.1% faster than in Malvern.
  • Investment considerations: In Hyde Park, the rental yield for house is 23.0% higher than the Adelaide average, while the rental yield for units is 15.1% higher.
  • House price growth: Over the past 12 months, house prices in Hyde Park have grown 136.6% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Hyde Park have grown 30.4% higher than the average rate of growth for units across Adelaide.

Common questions about Hyde Park

  • Is Hyde Park a nice place to live?

    Hyde Park is a delightful suburb that offers a sophisticated and serene lifestyle, making it a wonderful place to live. Known for its charming tree-lined streets and elegant homes, it provides a peaceful environment that is perfect for families and professionals seeking a refined urban experience. The suburb's vibrant atmosphere is enhanced by its proximity to King William Road, a bustling hub of boutique shopping, gourmet dining, and chic cafes, which adds a lively vibe to the area.

    Families will find Hyde Park particularly appealing due to its access to quality schools and parks, providing excellent opportunities for education and outdoor activities. The suburb's safety and community feel make it an ideal place for raising children. While Hyde Park offers a tranquil lifestyle, it also provides the convenience of being just a short distance from Adelaide's CBD, making commuting easy for city workers.

    One trade-off of living in Hyde Park is its premium property values, which reflect the suburb's desirability and affluent nature. This may pose a challenge for those seeking more affordable housing options. Additionally, while the area is rich in heritage charm, ongoing development of medium-density apartments is gradually changing the housing landscape, attracting more professionals and downsizers.

    Overall, Hyde Park is a charming and affluent suburb that offers a blend of historic elegance and modern convenience. Its strong community, excellent amenities, and proximity to both natural and urban attractions make it a highly desirable place to live for families and professionals alike.

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  • Is it expensive to live in Hyde Park?

    Living in Hyde Park comes with a hefty price tag, especially when it comes to housing. The median house price in this suburb is around $1,835,000, which is significantly higher than many other areas in South Australia. If you're considering renting, you can expect to pay an average of $775 per week for a house, while units, though not currently available for sale, have an average rental price of $565 per week.

    The average wage in Hyde Park is approximately $85,000 per year, which aligns with the state average for full-time earnings. However, when you compare this income to the high property prices and rental costs in the suburb, it becomes evident that a significant portion of one's earnings would be directed towards housing expenses. This makes Hyde Park a more expensive place to live, especially for those earning average wages.

    While Hyde Park offers a desirable lifestyle with its charming streets and proximity to amenities, the cost of living, particularly in terms of housing, can be quite high. If you're thinking of living in Hyde Park, it's important to evaluate your financial situation to ensure it can accommodate the expenses associated with residing in this upscale suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Hyde Park a good place to invest?

    Hyde Park presents an intriguing investment opportunity, particularly for those interested in rental properties. Over the past year, the suburb has seen a 6.2% increase in median house values, indicating a healthy demand for houses. While the median unit value has remained stable, the rental market for units has experienced a significant 13% increase, suggesting a strong demand for rental accommodations in this category. This makes units in Hyde Park particularly appealing for investors seeking rental income.

    The suburb's charm lies in its blend of historical character and modern amenities, making it a desirable location for both families and young professionals. The 4% rise in house rents further underscores the suburb's appeal to renters, ensuring a steady rental income stream for investors. Hyde Park's proximity to the city and its vibrant local culture contribute to its attractiveness, maintaining a consistent demand for properties.

    Overall, Hyde Park offers a balanced investment landscape with potential for both capital growth and rental yield. While houses have shown solid appreciation, units provide a compelling opportunity for rental income, making Hyde Park a versatile choice for property investors.

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Choose the right real estate agents in Hyde Park

Currently, there are 23 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 23 agents sold 44.1% 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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