Kurralta Park is a compact suburb in South Australia within the West Torrens local government area (postcode 5037). It is home to about 3,139 residents, with a mix of families and early-career residents and a median age of 32. Households earn a median income of $82K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, labourers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Chinese.
Median house prices in Kurralta Park stand at $1.2 million, having risen by 2.2% over the last twelve months. The current median weekly rent is $578. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,600.
Public transport access includes 13 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the West Torrens LGA is moderate at 5,288 incidents per 100,000 population.
On the investment side, Kurralta Park shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices are above the state median ($1.2M/$950K), placing it in the premium segment. The price-to-income ratio of 15.2x is considered stretched. House prices have moved +2.2% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.