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Koroit, VIC 3282
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$840,000
list-price estimate
Median Unit
$400,000
list-price estimate
Gross Yield (houses)
5.0%
1yr Growth (houses)
+12.5%
market range +0.0% to +17.5%
Investment snapshot for Koroit
Koroit has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Koroit market and investor summary
In Koroit, VIC 3282, houses show a gross rental yield of 5.0%. House prices have moved +12.5% over the past year. At 0.4% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.0% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 0.4% and a resident base that is not shrinking.
Living in Koroit: people, income and schools
Koroit has a resident population of roughly 2,184, a number that has held fairly steady over five years. At a median age of 41, 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 $76,000 a year (about $1,470 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 6 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,184
- +4% over 5yr
- Median age
- 41 years
- Median household income
- $76,000/yr
- Households renting
- 17%
- Family households
- 75%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1009
- Unemployment
- 1.5%
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Koroit
No properties currently listed in Koroit
Search Koroit listings →Frequently asked questions about Koroit
What should I check before investing in Koroit?
Koroit has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +12.5% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Koroit show?
The gross rental yield in Koroit is 5.0% for houses and 2.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Koroit?
House prices in Koroit are up 12.5% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Koroit?
The current vacancy rate in Koroit is 0.4%. 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 Koroit?
Koroit has a population of approximately 2,184 residents, with a median age of 41.
What schools are near Koroit?
There are 2 schools within roughly 5km of Koroit. 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 Koroit's population growing?
The population of Koroit has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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