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Property Location - Kuraby

Kuraby is about 17km from Brisbane’s CBD. Over 54% of households in the area are couples with children, 31% are couples without children and 11% are single parent households. 84% of the dwellings in this area are stand-alone houses and townhouses account for another 15%. There are some older homes in the area, but generally houses are modern brick and tile structures. Kuraby still has a number of small farms and many large residential blocks. The median house price in Kuraby for the 2004 calendar year was $370,000.

Suburb (REIQ) profile for Kuraby
The Real Estate Institute of Queensland (REIQ) is the State's peak real estate industry professional association.

Location
17 km south-west of the Brisbane CBD.

Features
Elevated area, Kuraby rail station.

Median Price
REIQ research shows that the median house price in the suburb for the calendar year 2005 was $386,750. The median unit price for the same period was $205,000

Median Weekly Rent
The median weekly rent paid for a 3-bedroom house in this area in the December 2005 quarter was $230. The median weekly rent paid for a 2-bedroom unit in this area for the same period was not available.

Profile
The suburb of Kuraby is 17 km south-west of the Brisbane CBD and borders the suburbs of Underwood, Stretton and Runcorn.

According to REIQ research Kuraby has seen exceptional growth in terms of its median house price growth in recent years compared with neighbouring suburbs. The main reason for this is the attractive topographical elevation of the area, creating an atmosphere of leafy bushland tranquility. The suburb has also undergone extensive residential development in the last few years.

As would be expected the housing styles of the newly developed areas of Kuraby are high and low set brick and tile homes. There are still some examples of older-styles houses – post war weatherboard cottages left over from the days when the suburb was first established.

The area is developing infrastructure as the community base increases – at the moment the suburb boast a State Primary School, a railway station that runs to the City and south to the Gold Coast, it has a shopping precinct with its main commercial district being serviced by the nearby suburbs of Underwood.

According to the 2001 Census there were 4,702 people living in the suburb with a median age of 39. The median individual income was between $400 and $499 per week. Of all occupied private dwellings 65% were either fully owned or being purchased; 31% were being rented.

Source: REIQ