Suburb Profile Report for Kurralta Park SA (5037)

Kurralta Park House: Median price $501,500, Annual capital growth 3.41%, Number of sales 37, Weekly median advertised rent $400

Kurralta Park Unit: Median price $318,000, Annual capital growth 7.63%, Number of sales 36, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

SA has seen average median house prices change by 3.04% which means that Kurralta Park, 5037 has done well for property investors by showing a capital gain of -7.91% over the last year

Kurralta Park,5037 has offered an average of -7.91% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -4.91% to buyers in Kurralta Park at the moment, which is less than average for the rest of SA.

Residents and property investors in Kurralta Park have been waiting around 80.11 days to sell a property.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 3.41%, investors should hope to achieve an overall return of 4.15%

Kurralta Park, 5037 ranked 23th in SA when comparing growth in median property values or capital gain over the last 12 months. Kurralta Park is one of 853 in our list for SA

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kurralta Park has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kurralta Park, 5037. Typically our figures indicate that -9.21% is being offered, which puts this SA suburb at 97th most discounted overall in Australia.

On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 7.63%, investors should hope to achieve an overall return of 4.25%

Metrics i HOUSE UNIT
$501,500 $318,000
2.35% N/A
-7.91% 19.77%
3.41% 7.63%
$400 $260
37 36
4.15% 4.25%
80.11 90

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
Chart Table
Recent sales & rentals