At number 1176th in the list of Australian suburbs ordered by increase in median house value over the last year, Kurunjang, 3337 is in the top 30% with a property value increase of 10.38% recorded in median house prices.
Across a shorter period, Kurunjang, 3337 has seen a median price increase of 3.23% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Kurunjang is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 369th in terms of most discounted suburbs in VIC
Situated 36.88km from the CBD, Kurunjang is one of Melton localities in the postcode 3337.
Over the last year, property investments in Kurunjang, 3337 have given investors a capital gain of 3.98%. This compares averagely with the 4.26% for VIC as a whole.
The most recent median price for Kurunjang is $248000, with sellers offering an average of -3.03% off the asking price.
Property investors should expect to get $277.5 weekly from the median priced house in this suburb.