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Koroop, VIC 3579
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$435,000
Median Unit
$215,000
Gross Yield (houses)
4.3%
1yr Growth
-
Investment snapshot for Koroop
Koroop has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Koroop market and investor summary
Koroop (VIC 3579) runs a median house price of $435K, with houses yielding a gross 4.3%. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.3% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 83 days on market, so plan for a slower exit if you ever need one.
Living in Koroop: people, income and schools
Koroop has a resident population of roughly 63, a count that has slipped about 3% over five years. The median age is 53, an older, established demographic, and families account for 54% of households.
Households here earn a median of about $55,000 a year, or roughly $1,050 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to about 8.0 times local household income, in line with much of metropolitan Australia.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 63
- -3% over 5yr
- Median age
- 53 years
- Median household income
- $55,000/yr
- Households renting
- 42%
- Family households
- 54%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 2.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Koroop
No properties currently listed in Koroop
Search Koroop listings →Frequently asked questions about Koroop
What should I check before investing in Koroop?
Koroop has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.5%, giving a stronger rent-to-price starting point than many suburbs. 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 Koroop?
The median property price in Koroop, VIC 3579 is $435K for houses and $215K for units.
What rental yield does Koroop show?
The gross rental yield in Koroop is 4.3% for houses and 5.5% 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 Koroop?
The current vacancy rate in Koroop 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 Koroop?
Koroop has a population of approximately 63 residents, with a median age of 53.
Is Koroop affordable to buy in?
A median house in Koroop costs about 8.0 times the median local household income (broadly in line with metropolitan Australia). 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 Koroop's population growing?
The population of Koroop has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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