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Koriella, VIC 3714

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

Data updated

Tight Rental Market

Median House

$920,000

Median Unit

$575,000

Gross Yield (houses)

2.0%

1yr Growth

-

Investment snapshot for Koriella

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

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Koriella market and investor summary

Koriella (VIC 3714) runs a median house price of $920K, with houses yielding a gross 2.0%. At 1.0% 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 2.0% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking. Houses also take time to sell, around 61 days on market, so plan for a slower exit if you ever need one.

Living in Koriella: people, income and schools

Koriella is home to around 66 people, a number that has held fairly steady over five years. The median age is 59, an older, established demographic, and families account for 86% of households.

Households here earn a median of about $95,000 a year, or roughly $1,830 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 9.7 times local household income, so affordability is a genuine constraint on local buyers.

Population
66
+2% over 5yr
Median age
59 years
Median household income
$95,000/yr
Households renting
18%
Family households
86%
Socio-economic rank
4/10
ABS advantage index
Unemployment
5.8%

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

Properties in Koriella

No properties currently listed in Koriella

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Frequently asked questions about Koriella

What should I check before investing in Koriella?

Koriella has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.0% 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 Koriella?

The median property price in Koriella, VIC 3714 is $920K for houses and $575K for units.

What rental yield does Koriella show?

The gross rental yield in Koriella is 2.0% for houses and 2.7% for units. 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 Koriella?

The current vacancy rate in Koriella is 1.0%. 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 Koriella?

Koriella has a population of approximately 66 residents, with a median age of 59.

Is Koriella affordable to buy in?

A median house in Koriella costs about 9.7 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 Koriella's population growing?

The population of Koriella 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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