Suburb Profile Report for Kurralta Park SA (5037)

Kurralta Park House: Median price $579,000, Annual capital growth 4.08%, Number of sales 48, Weekly median advertised rent $450

Kurralta Park Unit: Median price $415,000, Annual capital growth 5.94%, Number of sales 65, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Kurralta Park have tracked just lower than the SA average of 2.50% over the last 12 months.

While Kurralta Park,5037 ranked number 391th in SA for increase in median house value (annualised) increase, it is ranked 112th over the last 5 years.

Kurralta Park5037 is located in SA which offers an average discount of -6.24% to property investors. Kurralta Park itself is showing figures that indicate -4.97% is the average achievable by property buyers investing in the suburb.

The SA suburb of Kurralta Park, 5037 is in the West Torrens local government area.

At number 26th in the list of Australian suburbs ordered by increase in median house value over the last year, Kurralta Park, 5037 is in the top 10% with a property value increase of 34.74% recorded in median house prices.

Over the longer term, Kurralta Park has seen property prices show investors a 63.06% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Kurralta Park is $415000, with sellers offering an average of -6.81% off the asking price.

Renters in Suburb are facing rents around $13520 per annum or $260 every week.

Information supplied by:


March 2018

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Along the Anzac Highway around 5km southwest of Adelaide, the small suburb of Kurralta Park is steadily moving along with a growing unit marketFull summary

Low prices and convenience

Postcode: 5037

Median unit price: $335,000

Three-year growth: 29.3%

Rental yield: 4.1%

Along the Anzac Highway around 5km southwest of Adelaide, the small suburb of Kurralta Park is steadily moving along with a growing unit market.

The average annual growth rate is a high 8%, and in the December 2017 quarter, the suburb recorded 9.5% to bring the median value to $335,000, continuing a five-year trend of positive growth. Given the proximity to the capital’s CBD, this boosts Kurralta Park’s appeal by providing both affordability and convenience.  

Brownhill Creek runs through the middle of the suburb, and in addition to Anzac Highway, it is bounded by streets like South Road and Barwell Avenue. The Adelaide Airport is less than 10 minutes away by car, and West Beach is just about 8km to the west.

Close
Metrics i HOUSE UNIT
$579,000 $415,000
-4.30% 1.72%
-2.28% 34.74%
4.08% 5.94%
$450 $260
48 65
4.04% 3.26%
51 100.97

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
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Recent sales & rentals