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Kurunjang is a delightful suburb that offers a charming blend of suburban tranquility and community spirit, making it a lovely place to call home. Known for its family-friendly atmosphere, Kurunjang is an ideal choice for those seeking a peaceful environment with a strong sense of community. The suburb is dotted with parks and recreational facilities, providing ample opportunities for outdoor activities, which are perfect for families and nature enthusiasts alike. Its proximity to Melton ensures that residents have easy access to a variety of amenities, including shopping centers, cafes, and essential services, enhancing the overall livability of the area.

For families, Kurunjang is particularly appealing due to its excellent educational facilities, such as Kurunjang Primary School and Kurunjang Secondary College, which cater to the educational needs of the community. The suburb's housing landscape offers a mix of established homes and new developments, providing diverse options for homeownership. While Kurunjang may not offer the bustling nightlife of inner-city areas, it compensates with a serene lifestyle and a strong community feel, making it a perfect setting for raising children.

One trade-off of living in Kurunjang is the limited public transport options compared to more central suburbs. However, the suburb benefits from convenient road access via the Western Freeway, allowing for easy connectivity to Melbourne's CBD. Safety is generally not a major concern, contributing to the suburb's appeal as a secure and welcoming place to live. Overall, Kurunjang offers a balanced lifestyle with the charm of suburban living and the convenience of urban amenities, making it a wonderful choice for families and individuals seeking a peaceful yet connected community.

Living in Kurunjang is relatively affordable compared to many other suburbs in Victoria. The median house price is $533,000, which is significantly lower than the prices you'll find in Melbourne's inner suburbs. This makes it an attractive option for those looking to buy a home without breaking the bank. However, it's worth noting that there are no units available, which limits options for those who might prefer apartment living.

For renters, the average weekly rent for houses is $430, which is quite reasonable. When you consider the average annual wage in Kurunjang is $65,000, the cost of renting a house would take up a moderate portion of an individual's income. In comparison, the median total household income in Kurunjang is $1,550 per week, which suggests that many households in the area are managing well with the local cost of living.

Overall, Kurunjang offers a more affordable living option, especially for families or individuals who are looking to own a home. While it may not have the same level of amenities or proximity to the city as some other suburbs, the lower cost of housing and rent makes it a viable choice for those prioritizing affordability.

Kurunjang presents a stable investment opportunity, particularly for those interested in the rental market. Over the past year, the suburb has seen a modest increase in median house values by 2.3%, indicating a steady, albeit slow, growth in property prices. While the median unit values have remained unchanged, this stability can be appealing to investors looking for a less volatile market.

One of the standout features of Kurunjang is the increase in rental returns for houses, which have risen by 4.9% over the last year. This suggests a growing demand for rental properties, making it an attractive option for investors seeking reliable rental income. Although unit rents have not seen the same growth, the consistent demand for housing in the area could eventually lead to increased interest in units as well.

Overall, Kurunjang offers a balanced investment landscape with its steady property values and promising rental market. While it may not be the fastest-growing suburb in terms of capital appreciation, its potential for stable rental returns makes it a worthwhile consideration for investors seeking long-term, dependable income streams.