Suburb Profile Report for Kurralta Park SA (5037)

Kurralta Park House: Median price $565,500, Annual capital growth 1.48%, Number of sales 40, Weekly median advertised rent $450

Kurralta Park Unit: Median price $370,000, Annual capital growth 4.86%, Number of sales 49, Weekly median advertised rent $300

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 3503th in the list of Australian suburbs ordered by increase in median house value over the last year, Kurralta Park, 5037 is in the BOTTOM 20% with a property value increase of 4.92% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Kurralta Park,5037 has racked up an average of 4.92% over the period. This ranks it number 3995th in the whole country for real estate investors looking at median house price increases.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 1.48%.

Kurralta Park is an average performer in SA when comparing median price capital growth over the last year. Kurralta Park gave property investors a good capital gain figure when compared to the rest of the state, with 7.56%.

Kurralta Park,5037 was ranked 1114 in Australia by increase in median property value over the quarter.

Kurralta Park5037 is located in SA which offers an average discount of -4.50% to property investors. Kurralta Park itself is showing figures that indicate -5.97% is the average achievable by property buyers investing in the suburb.

Situated 4.04km from the CBD, Kurralta Park is one of West Torrens (C) localities in the postcode 5037.

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
$565,500 $370,000
5.21% 1.09%
4.92% 7.56%
1.48% 4.86%
$450 $300
40 49
4.14% 4.22%
N/A 70.34375

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. 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
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