Korumburra VIC 3950

Here you can find what you need to know about Korumburra, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$311k Median Sale Price (National Average $485k) 606th In VIC
1.30% Median Price Change (1 yr) (National Average 4.30%) 246th In VIC
$320pw Median Rent (National Average $395) 549th In VIC
5.3% Median Gross Yield (National Average 4.24%) 66th In VIC
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Properties sold 78
Average discounting -4.05%
Average Days on Market 67
Stock on Market 28 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Korumburra, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Korumburra, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Korumburra, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Korumburra


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State Auction Clearance Rates - November 2019

Auctions Clearance rate
VIC 992 71%
ACT 103 74%
NSW 922 73%
NT 6 17%
QLD 249 42%
SA 110 55%
TAS 3 100%
WA 53 38%

Local Schools


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Suburb Information

Korumburra, VIC 3950

Part of: South Gippsland Council No data available

The size of Korumburra is approximately 59.9 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Korumburra in 2011 was 4,374 people. By 2016 the population was 4,491 showing a population growth of 2.7% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation. In 2011, 74.2% of the homes in Korumburra were owner-occupied compared with 73% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Korumburra

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Korumburra   for Houses in last 12 months


There have been 81 Houses sold in Korumburra in the past 12 months with a median sale price of $317K, up 3.85% annually. It takes on average 67 days to sell with vendor discounting of -3.96%.

Streets in Korumburra


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