Suburb Profile Report for Kurralta Park SA (5037)

Kurralta Park House: Median price $562,000, Annual capital growth 3.02%, Number of sales 35, Weekly median advertised rent $435

Kurralta Park Unit: Median price $263,000, Annual capital growth 5.08%, Number of sales 31, Weekly median advertised rent $270

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Kurralta Park has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -2.68% to date .

Kurralta Park,5037 was ranked 1627 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Kurralta Park are currently offering property investors an average price cut of -5.75% below the asking price at the moment.

Residents and property investors in Kurralta Park have been waiting around 70.4 days to sell a property.

Kurralta Park, 5037’s gross rental yield is 4.02%

Property investors who have had real estate in Kurralta Park, 5037 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -29.63%

Across a shorter period, Kurralta Park, 5037 has seen a median price increase of -19.45% over the last quarter.

Vendor discounting in Kurralta Park is giving property investors an average Vendor Discount of around -6.47%. This puts suburb at number 35th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Kurralta Park the average time real estate has been on the market is 119.192 days.

With the median price for a house in Kurralta Park being $263000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.34%

Information supplied by:




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Kurralta Park, SA – Remain snug to the city

Postcode: 5037

Median unit price: $396,500

Three-year growth: 40%

Rental yield: 3%

Part of the city of West Torrens, the small suburb of Kurralta Park was named after an Aboriginal word meaning ‘set on a hill’.

While the suburb isn’t quite set on a hill as its moniker implies, it is a very convenient suburb that is just minutes away from the Adelaide CBD. Kurralta Park is also bordered by Anzac Highway in the north, and the Kurralta Central Shopping Centre is located near the highway. There are several cafes in the suburb, and Brownhill Creek runs through the area as well. Kurralta Park also has a local community kindergarten.

Metrics i HOUSE UNIT
$562,000 $263,000
1.54% -19.45%
-2.68% -29.63%
3.02% 5.08%
$435 $270
35 31
4.02% 5.34%
70.4 119.192307692308

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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
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