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Kurralta Park suburb profile

Kurralta Park is a well-positioned suburb in Adelaide, South Australia, offering a convenient lifestyle just 4km from the city centre. Known for its accessibility, it provides easy access to public transport, major roads, and the Adelaide Airport. The suburb features a mix of housing styles, from charming older homes to modern apartments, catering to a diverse community. Kurralta Park Shopping Centre serves as a local hub, offering a range of retail and dining options. With its proximity to both the city and the coast, Kurralta Park is an attractive choice for professionals, families, and retirees seeking a balanced urban lifestyle.

Kurralta Park property market performance

Current median dwelling price$625,000Past 3 months

Property growth+19.8%Past 12 months

Kurralta Park's property market has experienced notable growth over the past 12 months. House values have surged by 14.1%, with the median house price now at $860,000. Meanwhile, unit values have seen an impressive increase of 25.5%, although the current median unit price is not available. This indicates a strong demand for both property types in the area.

Sales activity has been moderate, with 11 houses and 9 units sold over the last 12 months. Houses are taking longer to sell, with a median of 65 days on the market, compared to 43 days for units, suggesting a quicker turnover in the unit market.

In the rental market, house rents have seen a modest increase of 2.2%, with an average rent of $695. In contrast, unit rents have risen significantly by 10.7%, with an average rent of $465, reflecting a strong demand for rental units in Kurralta Park.

HousesUnits
Median price
Past 3 months
$860KN/A
Change in value
Past 12 months
14.1%25.5%
Sold
Past 3 months
119
Median days on market
Past 12 months
6543
Average rent
Past 12 months
$695$465
Change in rent
Past 12 months
2.2%10.7%

5 year median price trend for houses and units

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Kurralta Park demographics

Kurralta Park, located in the inner south-western suburbs of Adelaide, is a vibrant and diverse community known for its convenient location and suburban charm. With a population of 3,139 and a median age of 32, it attracts a mix of young professionals, families, and long-term residents. The suburb's proximity to the Adelaide CBD and major transport routes makes it an appealing choice for those seeking a balance between urban accessibility and suburban tranquility.

The housing landscape in Kurralta Park is varied, with a significant portion of properties being rented, accounting for 52% of the housing market. This high rental rate indicates a strong demand for flexible living arrangements, appealing to both students and professionals. Meanwhile, 19.9% of properties are owned outright, and 28.1% are owned with a mortgage, reflecting a stable community with a mix of established homeowners and new buyers entering the market.

Family dynamics in Kurralta Park are diverse, with couple families without children making up 43.9% of the population, followed by couple families with children at 36.7%. One-parent families account for 14.8%, and other family types make up 4.7%. This variety in household composition contributes to a rich community fabric, supported by local amenities, parks, and shopping centers that cater to a wide range of lifestyles and needs.

Kurralta Park infrastructure, key developments and investment opportunities

Kurralta Park continues to benefit from its location near the Adelaide CBD and established health precinct at the Tennyson Centre, which hosts day surgery, cancer treatment and diagnostic imaging services that support strong local amenity and employment.[1][5][7] The concentration of medical facilities around South Road enhances the suburb’s appeal for health professionals and patients seeking easy access to care, underpinning steady demand for nearby residential property.[1][5][7]

Excellent public transport links, including buses along South Road and proximity to tram services into the city, contribute to Kurralta Park’s attractiveness for commuters and students, supporting rental demand and buyer interest.[5][6] Beyond these ongoing advantages, there are currently no widely reported new large-scale infrastructure or redevelopment projects specific to Kurralta Park that are expected to significantly shift property market dynamics in the short term.

Kurralta Park rental market trends

The rental market in Kurralta Park has shown moderate growth, with house rents increasing by 2.2% over the past year to $695 per week, while unit rents have seen a more significant rise of 10.7% to $465 per week. This suburb continues to attract interest due to its convenient location and growing amenities, making it appealing for both renters and investors.

Suburbs near Kurralta Park

Some popular suburbs near Kurralta Park include:

How does Kurralta Park compare to nearby suburbs?

  • Median house prices: Kurralta Park’s median house price is 24.4% lower than North Plympton’s.
  • House price growth: Over the past 12 months, house prices in Kurralta Park have grown 6.7% higher than in Glandore.
  • Unit price growth: Over the past 12 months, unit prices in Kurralta Park have grown 35.2% higher than in Everard Park.
  • Selling speed for houses: Properties in nearby Glandore are selling 10.8% faster than in Kurralta Park.
  • Selling speed for units: Properties in Kurralta Park are selling 4.4% faster than in Everard Park.
  • Investment considerations: In Kurralta Park, the rental yield for house is 10.3% higher than the Adelaide average, while the rental yield for units is 5.3% lower.
  • House price growth: Over the past 12 months, house prices in Kurralta Park have grown 2.5% lower than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Kurralta Park have grown 16.6% lower than the average rate of growth for units across Adelaide.

Common questions about Kurralta Park

  • Is Kurralta Park a nice place to live?

    Kurralta Park is a delightful suburb that offers a harmonious blend of urban convenience and suburban tranquility. Its vibrant and diverse community makes it a welcoming place for families, professionals, and retirees alike. The suburb is known for its charming mix of older homes and modern apartments, providing a variety of living options to suit different lifestyles. With its close proximity to the city, Kurralta Park offers easy access to a range of amenities, including shopping centers, cafes, and restaurants, making it an ideal location for those who appreciate convenience and accessibility.

    Families will find Kurralta Park particularly appealing due to its strong sense of community and the availability of local parks and green spaces for outdoor activities. The suburb's safety and friendly atmosphere contribute to its family-friendly vibe, while the presence of medical facilities nearby adds an extra layer of reassurance for residents. However, the trade-off for living in such a well-connected area is the potential for higher property prices and a competitive rental market, which may require some flexibility in housing choices.

    While Kurralta Park may not offer the bustling nightlife of inner-city areas, it compensates with its peaceful environment and the convenience of being just a short distance from both the city and the coast. This balance makes it a great choice for those seeking a quieter lifestyle without sacrificing access to urban amenities. Overall, Kurralta Park stands out as a charming and convenient suburb that caters to a diverse range of residents, making it a lovely place to call home.

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  • Is it expensive to live in Kurralta Park?

    Living in Kurralta Park, an inner suburb of Adelaide, can be considered relatively expensive, especially when it comes to housing. The median house price is currently around $860,000, which is quite substantial. If you're looking to rent, the average rent for houses is about $695 per week, while units are more affordable at around $465 per week.

    Comparing this to the average wage in Adelaide, which is approximately $85,000 per year, the cost of housing in Kurralta Park could take up a significant portion of one's income. The median total household income in the area is $1,573 per week, which suggests that while some households might manage comfortably, others may find it challenging to balance housing costs with other living expenses.

    Overall, Kurralta Park offers the convenience of being close to Adelaide's city center, but this comes with a higher price tag. If you're thinking of living in Kurralta Park, it's essential to consider your financial situation and whether the cost aligns with your budget and lifestyle expectations.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Kurralta Park a good place to invest?

    Kurralta Park is shaping up to be an attractive suburb for property investment, thanks to its impressive growth in both house and unit values over the past year. With a 14.1% increase in median house values and a remarkable 25.5% rise in unit values, the suburb is clearly experiencing strong demand. This growth indicates a vibrant market, appealing to both buyers and investors looking for capital appreciation.

    Additionally, the rental market in Kurralta Park is showing positive trends, particularly for units, which have seen a 10.7% increase in rent over the last 12 months. This suggests a healthy demand for rental properties, making it an appealing option for investors seeking rental income. While the increase in house rents is more modest at 2.2%, the overall rental market remains robust, contributing to the suburb's investment appeal.

    Overall, Kurralta Park offers a compelling investment opportunity with its strong property value growth and solid rental market. Its potential for both capital gains and rental income makes it a promising choice for investors looking to capitalize on the suburb's upward trajectory.

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Choose the right real estate agents in Kurralta Park

There are 47 real estate agents in Kurralta Park, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 29.5% of all sales in the past year.

Commission rates in Kurralta Park typically range from 1.63% to 2.75%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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