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Kurunjang

POSTAL CODE: VIC, 3337
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KURUNJANG ranks 87th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 13.85% for the past year is higher than average compared to its 36.41% growth within a five-year period.

Also in KURUNJANG, the median home price is sitting at $592,000, and the average rent at $430, this suggests property owners could potentially earn a 3.78% increase in gross rental yield.

Property investors have seen a 5.71% gain in KURUNJANG based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on KURUNJANG, 3337 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.85%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.72% growth over a ten-year period. It ranks 1430th on our list of suburbs that property investors should look into.

Surburb overview

Kurunjang is a residential suburb in Melbourne’s outer west, located within the City of Melton, approximately 43 kilometres west of Melbourne’s central business district.

Positioned north-west of the Melton town centre, Kurunjang forms part of the broader Melton urban area and is connected to surrounding suburbs by local arterial roads, including Centenary Avenue and High Street.

According to the 2021 Census, Kurunjang had a population of 10,070, reflecting steady growth driven by housing development in Melbourne’s western growth corridor.

The suburb is characterised by detached housing on suburban allotments, with development largely occurring from the 1990s onward.

Local education facilities include Kurunjang Primary School and Kurunjang Secondary College, while additional primary and secondary schools operate in neighbouring Melton and Melton West.

Recreation amenities include the Kurunjang Recreation Reserve, sporting fields, and nearby open spaces, such as Navan Park, which offers walking trails and passive recreational areas.

Retail and commercial services are primarily accessed in central Melton, where shopping centres, supermarkets, medical clinics and community services are concentrated.

Public transport options include bus services linking the suburb to Melton railway station, which provides V/Line train services to Melbourne’s CBD via the Ballarat line.

Road access to Melbourne and regional Victoria is supported by the Western Freeway, located south of the suburb.

Kurunjang experiences a temperate climate with warm-to-hot summers and cool winters, typical of Melbourne’s outer western plains.

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