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Kurunjang, VIC 3337

Home » VIC Real Estate Data » Melton City, VIC » Kurunjang, VIC 3337

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kurunjang, VIC 3337 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Kurunjang, VIC 3337”

  1. The total adult population (15 years or older) of Kurunjang 3337 VIC is 8,290, with a median age of 34. Of those, 42.41% are married, 13.92% are divorced or separated, 39.89% are single and 3.84% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,984. The median monthly mortgage repayment for households in this suburb is $1,517 which is 21.72% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of Kurunjang 3337 is home to an estimated 4,185 households. As we move into Q3 of 2023, property prices in Kurunjang have typically been valued at $574,935. In conjunction with a median weekly rent of $367, this pricing landscape generates an indicative yield of 3.32%, making it significantly attractive for cashflow-focused investors.

    When it comes to the socio-economic environment, Kurunjang boasts an IRSAD score of 915 out of 1,217. This reflects a robust socio-economic status with good access to economic resources, which can be a key attribute for prospective buyers and renters. The renter to owner ratio in the suburb stands at a balanced 24%, indicating a healthy mix of rental and owned properties. Interestingly, the ratio of units to houses in Kurunjang is a mere 4%, suggesting a market dominated by houses which often brings in families looking for longer tenancy periods.

    However, the suburb’s affordability index is at a high 32 years, indicating that it may take more years for residents to fully own their properties. This is something potential buyers may weigh into account. Simultaneously, investors should note that the suburb’s stock on market Percentage for houses is at a neutral 0.41% with an inventory level of just 1.19 months, suggesting a responsive market to new listings.

    The building approvals ratio for houses is at a mere 0.0%, indicating minimal new developments that can maintain current property prices. Houses in the area typically stay on the market for 37 days before being snapped up. With a vacancy rate combining both houses and units at 2.22%, it denotes a neutral demand. The suburb has a buy search index for houses at 3, implying moderate interest from prospective buyers.

    Understanding these key indicators is crucial in making informed property investment decisions. Whilst Kurunjang presents a mixed bag of favourable, neutral and high figures – with the majority being favourable – it suggests potential for both capital gains and cash flow investment strategies. Keep an eye on market developments in suburbs like Kurunjang by utilising tools such as the RCS (Relative Composite Score) by HtAG Analytics that considers more than 80 different metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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