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Kurralta Park, SA 5037

Home » SA Real Estate Data » City of West Torrens, SA » Kurralta Park, SA 5037

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kurralta Park, SA 5037 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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3BR

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Rent 

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3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Kurralta Park, SA 5037”

  1. The total adult population (15 years or older) of Kurralta Park 5037 SA is 2,724, with a median age of 32. Of those, 39.54% are married, 11.31% are divorced or separated, 46.00% are single and 3.01% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,008. The median monthly mortgage repayment for households in this suburb is $1,600 which is 19.98% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in South Australia, Kurralta Park 5037 is a vibrant suburb with approximately 1,739 households. As we head into Q3 of 2023, the typical price for houses in this lovely suburb stands at $754,138, paired with a median weekly rent of $583. This suggests an attractive indicative yield of 4.02% for potential investors, surpassing the minimum market requirement of 3%.

    Kurralta Park boasts a promising socio-economic score of 1007 out of 1217, indicating the area’s access to economic resources and the relatively high income levels of its residents. However, the suburb shows a renter to owner ratio of 51%, a tad higher than the favourable market standard, suggesting a substantial proportion of rental properties.

    The suburb displays a units to houses ratio of 41%, showcasing a balanced market saturation with a lower proportion of units, suiting investors seeking lower competition. However, affordability in the area seems to be slightly challenging as it would take approximately 37 years to fully own a property, a bit higher than the 30-year mortgage standard.

    For properties on sale, Kurralta Park shows an extremely low stock on market Percentage of just 0.12%, indicating favoured market conditions in terms of supply. This low supply trend is also supported by a minimal inventory level of just 0.32 months. In the same spirit, the building approvals Ratio stands at a favourable 0.73%, meaning an acceptably low increase in new dwelling stock, keeping the market balance intact.

    Regarding market demand, properties in Kurralta Park are snapped up quickly as shown by an impressive average of just 18 Days on Market. The Vacancy Rate, which combines both units and houses, stands at 1.01%, hinting at high demand due to scarce availability. However, the suburb’s buy search index for houses is 3, somewhat low, indicating a modest amount of online buyer interest.

    Undeniably, analysing these metrics is essential in forming a holistic understanding of Kurralta Park’s property market. While some values veer away from the standard market ranges, a majority of them signal promising returns for potential investors. The Relative Composite Score (RCS) developed by HtAG Analytics provides a comprehensive and automated analysis of these metrics, assisting property investors gain enhanced insights into the market trends.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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