Kurunjang

Kurunjang, VIC 3337 is a growing suburb with a population of 10,711 residents. The area has a diverse age range, with a significant portion of the population aged between 20 to 44 years. The median household income is $1,550 per week, and there is a mix of occupations present in the suburb, with a notable number of technicians and tradeworkers, professionals, and community and personal service workers. The suburb has good access to transport options, with a considerable number of residents opting to commute via motor vehicle. Additionally, with a large percentage of residents working from home, Kurunjang offers flexibility for remote work. For houses in Kurunjang, the median sale price falls within an affordable range, making it an attractive option for first-time homebuyers or investors looking for potential capital growth. The suburb has shown a solid median growth rate, indicative of a stable property market. With a high market absorption rate and a low vacancy rate, there is a high demand for housing in the area, potentially leading to future price increases. Additionally, the suburb has a significant number of building approvals, suggesting ongoing development and growth in the housing market. For units, Kurunjang offers good rental yields and a strong market absorption rate, making it appealing for investors seeking rental income. Kurunjang, VIC 3337 is a suburb with a diverse population and a range of housing options. With a mix of occupations and good transport links, the area caters to a variety of residents. The property market in Kurunjang shows potential for growth, especially for investors interested in houses or units. The high demand for housing, coupled with stable growth rates, make Kurunjang an attractive prospect for both homeowners and property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022