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Renown Park suburb profile

Renown Park is a small, residential suburb located just 4km northwest of Adelaide's CBD, offering a convenient and quiet lifestyle. Known for its proximity to the city and accessibility, it attracts a diverse community including families, professionals, and retirees. The suburb features a mix of older character homes and newer developments, providing a range of housing options. Renown Park is well-serviced by public transport and is close to local amenities, parks, and schools, making it an appealing choice for those seeking a balance between urban living and suburban tranquility.

Renown Park property market performance

Renown Park's property market has shown modest growth over the past 12 months, with house values increasing by 3.4%, while unit values have remained stable. Despite the lack of a current median price for both houses and units, the area has seen limited sales activity, with only 4 houses and 1 unit sold in the past year.

The market dynamics are further highlighted by the absence of median days on market data, indicating either a lack of transactions or rapid sales. In terms of rental performance, house rents have increased by 5%, averaging $630, while unit rents have remained unchanged at $500, suggesting a steady demand for rental properties in the suburb.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
5.4%N/A
Sold
Past 3 months
41
Median days on market
Past 12 months
N/AN/A
Average rent
Past 12 months
$630$500
Change in rent
Past 12 months
5.0%N/A

5 year median price trend for houses and units

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Renown Park demographics

Renown Park, a suburb located in Adelaide, offers a blend of suburban tranquility and urban convenience. With a population of 1,663, it is a small yet vibrant community that appeals to a diverse range of residents. The median age of 37 suggests a balanced mix of young families, professionals, and older residents who appreciate the suburb's peaceful environment and proximity to the city center.

The suburb's housing landscape is varied, with a significant portion of properties being rented, accounting for 52.6% of the total. This high rental rate indicates a demand for flexible living arrangements, attracting both young professionals and families. Meanwhile, 23.3% of properties are owned outright, and 24.1% are owned with a mortgage, reflecting a stable community with a mix of long-term residents and new homeowners.

Family dynamics in Renown Park are diverse, with couple families without children making up 38.2% of the population, followed by couple families with children at 32.9%. One-parent families also form a significant part of the community, comprising 25.7% of families. This variety in family structures contributes to a rich community fabric, supported by local amenities and services that cater to different needs. Overall, Renown Park offers a welcoming environment for those seeking a balanced lifestyle close to the heart of Adelaide.

Suburbs near Renown Park

Some popular suburbs near Renown Park include:

  • Brompton: Known for its vibrant community and historic charm, Brompton is located directly south of Renown Park.
  • Ridleyton: Offering a mix of residential and commercial spaces, Ridleyton is situated to the east of Renown Park.
  • Croydon: Known for its heritage homes and leafy streets, Croydon lies to the west of Renown Park.
  • Devon Park: Featuring a quiet residential atmosphere, Devon Park is located directly north of Renown Park.
  • Ovingham: Known for its proximity to the city and convenient transport links, Ovingham is situated to the northeast of Renown Park.

How does Renown Park compare to nearby suburbs?

  • Median house prices: Renown Park’s median house price is 16.1% higher than Ovingham’s.
  • House price growth: Property prices in nearby Brompton have risen 10.5% more than in Renown Park over the past year.
  • House price growth: Over the past 12 months, house prices in Renown Park have grown 2.0% lower than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Renown Park have grown 10.3% higher than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Renown Park

In Renown Park ,13 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 55.6% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.19% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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