Kurunjang is a well-established suburb in Victoria within the Melton local government area (postcode 3337). With a population of 10,711, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $81K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, clerical & administrative, machinery operators & drivers. The top ancestries reported are Australian, English, Maltese.
The median house price in Kurunjang is $520,000, having remained flat 0% over the past year. Units have a median price of $413,000 (+6.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,517.
Public transport access includes 37 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Kurunjang offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($520K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +0.0% year-on-year.
Kurunjang is a well-established suburb in Victoria within the Melton local government area (postcode 3337). With a population of 10,711, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $81K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, clerical & administrative, machinery operators & drivers. The top ancestries reported are Australian, English, Maltese.
The median house price in Kurunjang is $520,000, having remained flat 0% over the past year. Units have a median price of $413,000 (+6.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,517.
Public transport access includes 37 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Kurunjang offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($520K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +0.0% year-on-year.