Suburb Profile Report for Kurunjang VIC (3337)

Kurunjang House: Median price $317,000, Annual capital growth 4.41%, Number of sales 201, Weekly median advertised rent $290

Kurunjang Unit: Median price $247,000, Annual capital growth N/A, Number of sales 17, Weekly median advertised rent $283

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Kurunjang have tracked close to the VIC average of 8.27% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Kurunjang comes in at number 468th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Kurunjang itself are offering an average vendor discount of -4.93% to real estate investors.

Advertised rents are around the $290 mark per week – giving a return of 4.76% based on the median price in Suburb

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kurunjang, 3337. Typically our figures indicate that -3.10% is being offered, which puts this VIC suburb at 1302th most discounted overall in Australia.

Advertised rents are around the $282.5 mark per week – giving a return of 5.95% based on the median price in Suburb

Metrics i HOUSE UNIT
$317,000 $247,000
2.26% -0.40%
10.65% N/A
4.41% N/A
$290 $283
201 17
4.76% 5.95%
52.38 79.83

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9227
Median household income ($/weekly) 1290
Median age of persons 31
Median housing loan repayment ($/monthly) 1593
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 862 9.3
    5-14 years 1425 15.4
    25-34 years 1514 16.4
    35-44 years 1385 15.0
    45-54 years 1220 13.2
    Others 2822 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 3081 48.3
    Not Married 2528 39.6
    Defacto Relationship 773 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6771 78.1
    Netherlands 147 1.7
    Papua New Guinea 228 2.6
    United Kingdom 367 4.2
    Other 504 5.8
    Others 655 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.1
    Christianity 5802 70.4
    Islam 120 1.5
    Other Religious Groups 44 0.5
    No Religion 2144 26.0
    Others 44 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 262 9.8
    $1,000-$1,249 333 12.5
    $1,250-$1,499 278 10.4
    $1,500-$1,999 441 16.5
    $2,000-$2,499 314 11.8
    Others 1044 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2859 43.8
    Not in the labour force 1915 29.3
    Employed, worked part-time 1144 17.5
    Unemployed, looking for work 311 4.8
    Employed, away from work 297 4.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 749 17.4
    Community & personal service workers 473 11.0
    Clerical & administrative workers 679 15.8
    Machinery operators & drivers 547 12.7
    Labourers 493 11.5
    Others 1357 31.6
    Occupation
    Census Count Percent(%)
    Pre-school 171 7.7
    Infants/Primary 911 41.1
    Secondary 635 28.6
    Technical or Further Educational Institution 187 8.4
    University or other Tertiary Institutions 216 9.7
    Others 99 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8353 95.7
    Semi-detached, row or terrace house, townhouse 222 2.5
    Flat, unit or apartment 153 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1614 55.8
    Rented 664 23.0
    Fully owned 601 20.8
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals