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.
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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.