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Corop, VIC 3559
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$460,000
market range $225K-$500K
Median Unit
$535,000
Gross Yield (houses)
3.6%
1yr Growth
-
Investment snapshot for Corop
Corop has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Corop market and investor summary
In Corop, VIC 3559, the median house sells for around $460K, on a gross rental yield of 3.6% for houses.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet.
Living in Corop: people, income and schools
Corop has a resident population of roughly 161, a number that has held fairly steady over five years. At a median age of 53, it reads as an older, established demographic, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $51,000 a year (about $980 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 9.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
- Population
- 161
- +3% over 5yr
- Median age
- 53 years
- Median household income
- $51,000/yr
- Households renting
- 11%
- Family households
- 68%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 3.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Corop
No properties currently listed in Corop
Search Corop listings →Frequently asked questions about Corop
What should I check before investing in Corop?
Corop has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Corop?
The median property price in Corop, VIC 3559 is $460K for houses and $535K for units.
What rental yield does Corop show?
The gross rental yield in Corop is 3.6% for houses and 2.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Corop?
Corop has a population of approximately 161 residents, with a median age of 53.
Is Corop affordable to buy in?
A median house in Corop costs about 9.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Corop's population growing?
The population of Corop has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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