Suburb Spotlight: Kuraby
Every week we focus on a new suburb in our area, bringing you the fast facts
on Brisbane’s hottest property spots. This week we’re looking at Kuraby.
Kuraby’s name original comes from the local Indigenous Australia word for
“Spring River”, and the area is one of the first settled in Queensland. As such,
Kuraby features a very diverse population, although Chinese buyers currently
have a majority, purchasing roughly 60% of all properties.
Families dominate Kuraby, making up over 58% of all residents, with couples
being another 22% of the area’s population. A large part Kuraby’s family
appeal comes from its strong public transport network, childcare centres and
schools, public parks, and the weekly Saturday markets.
There have been 113 properties sold in Kuraby over the past 12 months,
spending an average of 66 days on the market. Though the median price
growth in the past year, 3.65%, is lower than the national average of 4.3%,
the median sale price of $625,000 is considerably higher than the $485,000
national average, and shows the potential for strong returns in the future.
No matter what you’re thinking of doing, Kuraby is a great suburb to be involved
with. Whether you’re thinking of selling or staying, get in touch with us today
to see what we can do for you!
2016, ‘Kuraby QLD 4112, Propertyvalue.com.au,
Mooljee, D., 2016 ‘Kuraby Summary’, LJ Hooker Sunnybank Hills
2016, ‘Kuraby QLD 4116’, Propertyvalue.com.au
All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own enquiries.