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Pooraka

POSTAL CODE: SA, 5095
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Property investors enjoyed capital gains of 16.98% over the last 12 months in POORAKA, translating to lower returns compared with its peers in SA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 9.61% growth over a ten-year period. It ranks 172nd on our list of suburbs that property investors should look into.

POORAKA, 5095 has a capital gain of 16.98% for the past year, which is lower than average compared to its 115.22% growth within a five-year period.

With the median home price in POORAKA sitting at $820,000, and the average rent at $600, property owners could potentially earn a 3.8% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in POORAKA are low, as opposed to average gains per annum over the past five years.

POORAKA, 5095 in SA belongs to the local government area of Salisbury.

Surburb overview

Pooraka is a northern suburb of Adelaide, situated approximately 12 kilometres from the central business district. It falls under the City of Salisbury local government area and is well-connected to the CBD and other parts of Adelaide via major roads such as Main North Road and Montague Road. Public transportation is easily accessible, with regular bus services running through the suburb and connecting to nearby train stations.

With a population of around 7,500 residents, Pooraka is known for its diverse community, offering a mix of housing options including older homes, modern developments, and affordable housing. The suburb attracts a range of residents, including families, professionals, and retirees, due to its convenient location and access to essential services.

Pooraka is home to several local shopping centres, with the nearby Ingle Farm Shopping Centre and Gepps Cross Home HQ providing supermarkets, retail outlets, and dining options. For healthcare needs, residents have access to local medical clinics, and the Lyell McEwin Hospital in nearby Elizabeth offers more comprehensive medical services.

Recreational opportunities in Pooraka are plentiful, with several parks and reserves in the area. Lindblom Park is a popular spot for local sporting events and outdoor activities, while the Pooraka Triangle Park offers playgrounds and green spaces for families to enjoy. The Dry Creek Linear Park, which runs through the suburb, provides scenic walking and cycling paths, making it a popular destination for nature lovers. Pooraka also has a strong community feel, with local markets, including the Gepps Cross Treasure Market, drawing visitors from across Adelaide.

Educational facilities in Pooraka include Pooraka Primary School and Roma Mitchell Secondary College, providing families with access to quality schooling options. The suburb is also close to several childcare centres and early learning facilities, making it an appealing choice for families with young children.

Pooraka’s combination of suburban convenience, access to essential services, and recreational facilities makes it an attractive and practical suburb for a variety of residents seeking a well-rounded lifestyle close to Adelaide’s northern hubs.

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