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Koorooman, VIC 3953
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,165,000
Median Unit
$425,000
list-price estimate
Gross Yield (houses)
2.2%
1yr Growth
-
Investment snapshot for Koorooman
Koorooman has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Koorooman market and investor summary
In Koorooman, VIC 3953, the median house sells for around $1.2M, on a gross rental yield of 2.2% for houses. At 0.7% 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 2.2% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking. Houses also take time to sell, around 75 days on market, so plan for a slower exit if you ever need one.
Living in Koorooman: people, income and schools
Koorooman has a resident population of roughly 115, a number that has held fairly steady over five years. At a median age of 47, it reads as skewed a little older, and 79% 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 $110,000 a year (about $2,110 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 115
- +2% over 5yr
- Median age
- 47 years
- Median household income
- $110,000/yr
- Households renting
- 21%
- Family households
- 90%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Koorooman
No properties currently listed in Koorooman
Search Koorooman listings →Frequently asked questions about Koorooman
What should I check before investing in Koorooman?
Koorooman has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% 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 Koorooman?
The median property price in Koorooman, VIC 3953 is $1.2M for houses.
What rental yield does Koorooman show?
The gross rental yield in Koorooman is 2.2% 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 Koorooman?
The current vacancy rate in Koorooman is 0.7%. 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 Koorooman?
Koorooman has a population of approximately 115 residents, with a median age of 47.
Is Koorooman affordable to buy in?
A median house in Koorooman costs about 10.6 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 Koorooman's population growing?
The population of Koorooman has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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