Suburb Profile Report for Kurralta Park SA (5037)

Kurralta Park House: Median price $527,500, Annual capital growth 3.10%, Number of sales 33, Weekly median advertised rent $450

Kurralta Park Unit: Median price $310,000, Annual capital growth 3.36%, Number of sales 23, Weekly median advertised rent $265

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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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:




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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
$527,500 $310,000
2.93% -21.32%
-6.31% 3.33%
3.10% 3.36%
$450 $265
33 23
4.44% 4.45%
68.1666666666667 75.55

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (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