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:
Kurralta Park, SA – Remain snug to the city
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.