Suburb Profile Report for Kurralta Park SA (5037)

Kurralta Park House: Median price $590,000, Annual capital growth 5.36%, Number of sales 37, Weekly median advertised rent $400

Kurralta Park Unit: Median price $313,000, Annual capital growth 8.30%, Number of sales 35, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 2693th in the list of Australian suburbs ordered by increase in median house value over the last year, Kurralta Park, 5037 is in the BOTTOM 40% with a property value increase of 2.25% recorded in median house prices.

Across a shorter period, Kurralta Park, 5037 has seen a median price increase of 17.65% over the last quarter.

Property buyers and investors in Kurralta Park 5037 should be seeing an average reduction in asking price of around -4.86% . This means that Kurralta Park is holding prices well when compared to other suburbs in SA.

Kurralta Park, 5037’s gross rental yield is 3.53%

Investment property in Kurralta Park has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.93%

While Kurralta Park,5037 ranked number 127th in SA for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.

Property buyers and investors in Kurralta Park 5037 should be seeing an average reduction in asking price of around -8.40% . This means that Kurralta Park is holding prices well when compared to other suburbs in SA.

With the median price for a house in Kurralta Park being $313000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.49%

Metrics i HOUSE UNIT
$590,000 $313,000
17.65% -1.57%
2.25% 5.93%
5.36% 8.30%
$400 $270
37 35
3.53% 4.49%
89.71 85.31

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 2573
Median household income ($/weekly) 972
Median age of persons 31
Median housing loan repayment ($/monthly) 1517
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 232 9.0
    20-24 years 336 13.1
    25-34 years 637 24.7
    35-44 years 386 15.0
    45-54 years 264 10.3
    Others 719 27.9
    Age Group
    Census Count Percent(%)
    Not Married 1048 51.2
    Registered Married 822 40.2
    Defacto Relationship 176 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1389 56.2
    Croatia 161 6.5
    Indonesia 231 9.3
    United Kingdom 90 3.6
    Other 190 7.7
    Others 412 16.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1228 52.0
    Hinduism 155 6.6
    Islam 160 6.8
    Other Religious Groups 85 3.6
    No Religion 648 27.5
    Others 84 3.6
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 122 12.0
    $800-$999 126 12.4
    $1,000-$1,249 99 9.8
    $1,250-$1,499 107 10.5
    $1,500-$1,999 107 10.5
    Others 454 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 815 39.0
    Not in the labour force 655 31.3
    Employed, worked part-time 450 21.5
    Unemployed, looking for work 93 4.4
    Employed, away from work 78 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 315 23.5
    Technicians & trades workers 169 12.6
    Community & personal service workers 196 14.6
    Clerical & administrative workers 192 14.3
    Labourers 131 9.8
    Others 337 25.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 178 23.3
    Secondary 106 13.9
    Technical or Further Educational Institution 83 10.8
    University or other Tertiary Institutions 332 43.4
    Other type of educational institution 35 4.6
    Others 31 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1252 50.9
    Flat, unit or apartment 853 34.7
    Semi-detached, row or terrace house, townhouse 356 14.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 512 47.5
    Being purchased 314 29.1
    Fully owned 245 22.7
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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