Located 36km west of the CBD in the municipality of Melton, Kurunjang is one of the city’s top 10 suburbs with the highest increase in house prices since 2018, according to a Domain report in The Age.
A supercharged COVID price cycle has fuelled the growth in affordable areas, including Kuranjang where the median house price spiked 37.9 per cent to $558,500 in the five years to March.
The suburb is in high demand by buyers seeking value for money in a family-oriented suburb, according to Barry Plant Melton partner Ned Nikolic.
“Kuranjang is an up-and-coming suburb neighbouring Melton, which is the cheapest suburb in Melbourne,” he said.
“It is affordable for young families and also attracts investors because of the good rental returns.”
Mr Nikolic said 50 per cent of buyers were from neighbouring western suburbs and 25 per cent were local.
“And the remaining 25 per cent are from the other side of Melbourne and interstate,” he said.
“The Barry Plant network works well in reaching these buyers.”
With schools, bus services and village shops, Kuranjang is within easy access of freeways, McPherson Park sporting precinct and shopping centres.
Buyers are spoiled for choice with a wide range of properties, which are priced from $450,000 to more than $1 million.
Four-bedroom houses with two bathrooms and a double garage are popular, including a family home on 917sq m at 159 Dalray Crescent.
The property sold within five days of hitting the market for $880,000, to a local family who were upsizing.
“We had 14 groups through the home and three offers,” Mr Nikolic said.
“And it sold after the first open, above the seller’s expectations.”
Properties that were marketed correctly were selling quickly, he added.
At 16 Raspberry Way, the four-bedroom house with an alfresco zone attracted 25 groups at the inspections and two offers.
It was snapped up for $523,000 by an investor from Southbank who will lease out the home for about $420 a week, according to Mr Nikolic.
And 4 Sarah Court, a quality five-bedroom house on 1625sq m with a price guide of $959,000-$1.049 million, has caught the eye of multiple buyers, because of its size and value for money.
Within walking distance of primary and high schools, shops and parks, it features a magnificent outdoor entertainment area with an open fireplace, pool and gated side access.