Korumburra vs Newington
Property investment comparison - Korumburra, VIC 3950 vs Newington, VIC 3350
Head-to-head across core investment metrics: Korumburra wins 1, Newington wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Korumburra | Newington |
|---|---|---|
| Median house price | $620K | $620K |
| Median unit price | $450K | $295K |
| Gross rental yield (houses) | 4.35% | - |
| Gross rental yield (units) | - | 7.17% |
| 1-year house growth | +4.4%estimate | +10.3%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.7% | 2.1% |
| Population | 4,749 | 1,844 |
Korumburra vs Newington: what the numbers say
Houses cost about the same in both suburbs: the median house price is $620K in Korumburra and $620K in Newington.
For units, Korumburra sits at a median of $450K against $295K in Newington, which makes Newington the more affordable unit market and Korumburra the pricier one.
Over the past year house prices moved +4.4% in Korumburra (an estimate) and +10.3% in Newington (an estimate), so recent momentum favours Newington, although both suburbs recorded growth.
Rental vacancy is 0.7% in Korumburra and 2.1% in Newington, so landlords in Korumburra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Korumburra is the bigger suburb, with a population of 4,749 against 1,844, roughly 2.6 times the size of Newington; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Newington for recent price momentum, Korumburra for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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