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Korumburra South, VIC 3950
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$650,000
list-price estimate
Median Unit
$460,000
Gross Yield (houses)
2.9%
1yr Growth (houses)
+5.5%
market range -22.5% to +15.0%
Investment snapshot for Korumburra South
Korumburra South has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Korumburra South market and investor summary
In Korumburra South, VIC 3950, houses show a gross rental yield of 2.9%. House prices have moved +5.5% over the past year. At 0.4% 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 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.4% and a resident base that is not shrinking. Houses also take time to sell, around 327 days on market, so plan for a slower exit if you ever need one.
Living in Korumburra South: people, income and schools
About 114 people live in Korumburra South, a number that has held fairly steady over five years. The median age is 46, skewed a little older, and 83% 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 $98,000 a year, or roughly $1,880 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Locally, around 33% 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
- 114
- +3% over 5yr
- Median age
- 46 years
- Median household income
- $98,000/yr
- Households renting
- 15%
- Family households
- 89%
- Socio-economic rank
- 2/10
- 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 Korumburra South
No properties currently listed in Korumburra South
Search Korumburra South listings →Frequently asked questions about Korumburra South
What should I check before investing in Korumburra South?
Korumburra South has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +5.5% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Korumburra South?
The median property price in Korumburra South, VIC 3950 is $460K for units.
What rental yield does Korumburra South show?
The gross rental yield in Korumburra South is 2.9% for houses and 4.2% 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 Korumburra South?
House prices in Korumburra South are up 5.5% 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 Korumburra South?
The current vacancy rate in Korumburra South 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 Korumburra South?
Korumburra South has a population of approximately 114 residents, with a median age of 46.
Is Korumburra South's population growing?
The population of Korumburra South has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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