Suburb Profile Report for Kurunjang VIC (3337)

Kurunjang House: Median price $300,000, Annual capital growth 4.56%, Number of sales 183, Weekly median advertised rent $285

Kurunjang Unit: Median price $248,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1526th in the list of Australian suburbs ordered by increase in median house value over the last year, Kurunjang, 3337 is in the top 40% with a property value increase of 7.14% recorded in median house prices.

Comparing Kurunjang,3337 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Kurunjang, 3337 is offering VIC ‘s 379th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

With the median price for a house in Kurunjang being $300000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 4.94%

While Kurunjang,3337 ranked number 59th in VIC for increase in median house value (annualised) increase, it is ranked 287th over the last 5 years.

Our latest figures would indicate that property sellers in Kurunjang are currently offering property investors an average price cut of -2.69% below the asking price at the moment.

Property investors should expect to get $260 weekly from the median priced house in this suburb.

HOUSE UNIT
$300,000 $248,000
1.69% 3.98%
7.14% N/A
4.56% N/A
$285 $260
183 11
4.94% 5.45%
70.68 99.75

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
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Recent sales & rentals