KURRALTA PARK, 5037 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling KURRALTA PARK, 5037 values up and netting property investors a capital gain of 7.79% for the past year.
Investors saw the median home price rise to $595,000.
Profits due to an upward trend in home prices in the suburb averaged 8.78% per annum over a 3-year period.
KURRALTA PARK now ranks at the 107th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in KURRALTA PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KURRALTA PARK, homes and units usually stay on listing for an average of 49.5 days.
In 2016, 52 properties were sold in KURRALTA PARK during the past year, making it the 121st most active market in SA based on total real estate transactions.
KURRALTA PARK ranks 14th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
KURRALTA PARK, 5037 has a capital gain of 49.78% for the past year, which is higher than average compared to its 60.38% growth within a five-year period.
KURRALTA PARK, 5037 ranks 1st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 49.78% for property investors last year.
With the median home price in KURRALTA PARK sitting at $425,000, and the average rent at $257.5, property owners could potentially earn a 3.15% increase in gross rental yield.
Property investors have seen a 6.78% gain in KURRALTA PARK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on KURRALTA PARK, 5037 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 49.78%.
A survey of average capital gains or median home price increase in suburbs across the country shows that KURRALTA PARK, 5037 obtained a 7.21% growth over a ten-year period. It ranks 290th on our list of suburbs that property investors should look into.