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Corunnun, VIC 3249

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$840,000

market range $475K-$850K

Median Unit

$860,000

list-price estimate

Gross Yield (houses)

2.6%

1yr Growth

-

Investment snapshot for Corunnun

Corunnun has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Corunnun market and investor summary

Corunnun (VIC 3249) runs a median house price of $840K, with houses yielding a gross 2.6%. At 0.8% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.6% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking. Houses also take time to sell, around 212 days on market, so plan for a slower exit if you ever need one.

Living in Corunnun: people, income and schools

About 119 people live in Corunnun, a number that has held fairly steady over five years. The median age is 44, skewed a little older, and 94% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

Households here earn a median of about $88,000 a year, or roughly $1,690 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 9.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 27% over five years, which tends to underpin what local buyers can pay.

There are 2 schools within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
119
+1% over 5yr
Median age
44 years
Median household income
$88,000/yr
Households renting
9%
Family households
71%
Socio-economic rank
6/10
ABS advantage index
Schools within 5km
2
avg ICSEA 955
Unemployment
1.3%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Corunnun

No properties currently listed in Corunnun

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Frequently asked questions about Corunnun

What should I check before investing in Corunnun?

Corunnun has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Corunnun?

The median property price in Corunnun, VIC 3249 is $840K for houses.

What rental yield does Corunnun show?

The gross rental yield in Corunnun is 2.6% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

How tight is the rental market in Corunnun?

The current vacancy rate in Corunnun is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Corunnun?

Corunnun has a population of approximately 119 residents, with a median age of 44.

What schools are near Corunnun?

There are 2 schools within roughly 5km of Corunnun. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Corunnun affordable to buy in?

A median house in Corunnun costs about 9.6 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 Corunnun's population growing?

The population of Corunnun has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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