Korumburra vs Wallace
Property investment comparison - Korumburra, VIC 3950 vs Wallace, VIC 3352
Head-to-head across core investment metrics: Korumburra wins 2, Wallace wins 0. 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 | Wallace |
|---|---|---|
| Median house price | $620K | $620K |
| Median unit price | $450K | - |
| Gross rental yield (houses) | 4.35% | 4.30% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +4.4%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.7% | 1.9% |
| Population | 4,749 | 227 |
Korumburra vs Wallace: what the numbers say
Houses cost about the same in both suburbs: the median house price is $620K in Korumburra and $620K in Wallace.
Gross rental yield on houses is effectively level, at 4.35% in Korumburra and 4.30% in Wallace, so neither suburb has a cash flow edge on houses.
Rental vacancy is 0.7% in Korumburra and 1.9% in Wallace, 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 227, roughly 21 times the size of Wallace; a larger suburb usually means a deeper pool of buyers and tenants.
In short: 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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