Over the last year, property investments in Kurralta Park, 5037 have given investors a capital gain of -6.31%. This compares very badly with the 1.75% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Kurralta Park comes in at number 384th in SA.
Our latest figures would indicate that property sellers in Kurralta Park are currently offering property investors an average price cut of -6.54% below the asking price at the moment.
Advertised rents are around the $450 mark per week – giving a return of 4.44% based on the median price in Suburb
Over the last year, property investments in Kurralta Park, 5037 have given investors a capital gain of 3.33%. This compares favourably with the 2.13% for SA as a whole.
Taking the average capital gain, or increase in median house value, Kurralta Park,5037 has racked up an average of 3.33% over the period. This ranks it number 565th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Kurralta Park should be aiming for at least -7.00% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Kurralta Park have been waiting around 75.55 days to sell a property.
With the median price for a house in Kurralta Park being $310000 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 4.45%
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.