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Korumburra
VIC, 3950 - South Gippsland

Thinking about buying in Korumburra? Now could not be a better time, with 3216 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $612,000 with prices in this suburb ranging from $36,000 to $2,997,000. The aproximate distance to the coast is 14 Km.

Household Makeup

Median Weekly Rent $274.00
Median Monthly Mortgage $1210.29
Median Persons Per Bedroom 0.71
Average Household Size 2.00
Average Age 47.00
Average Income $583.29
Average Cars Per Dwelling 1.81
Average Properties Within 50M 7

Housing Stock

Average Property Prices

1 Bed  $437,000
2 Bed  $439,000
3 Bed  $584,000
4 Bed  $818,000
5 Bed  $883,000
6 Bed+$1,353,000

Korumburra Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Korumburra due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Korumburra changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Korumburra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Korumburra the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Korumburra

At Realty 73 KORUMBURRA-BENA RD, KORUMBURRA, VIC, 3950 Beds4 Bathrooms2 Parking 6 $1,490,000
At Realty 26 BRIDGE ST, KORUMBURRA, VIC, 3950 Beds4 Bathrooms3 Parking 0 $1,300,000 - $1,400,000
At Realty 170 SHELLCOT RD, KORUMBURRA, VIC, 3950 Beds5 Bathrooms2 Parking 3 $1,390,000
Elders 3 HYMAN ST, KORUMBURRA, VIC, 3950 Beds3 Bathrooms1 Parking 4 $530,000 - $550,000
Elders 95 ISABELLA BVD, KORUMBURRA, VIC, 3950 Beds Bathrooms $275,000
Elders 4 KARMAI CT, KORUMBURRA, VIC, 3950 Beds2 Bathrooms1 Parking 1 $375,000
Elders 5 KARMAI CT, KORUMBURRA, VIC, 3950 Beds2 Bathrooms1 Parking 1 $375,000
Elders 22 ISABELLA BVD, KORUMBURRA, VIC, 3950 Beds4 Bathrooms2 Parking 2 New Price $699,000
Elders 24 VICTORIA ST, KORUMBURRA, VIC, 3950 Beds3 Bathrooms1 Parking 2 $600,000
Harcourts 31 SHELLCOT RD, KORUMBURRA, VIC, 3950 Beds3 Bathrooms2 Parking 2 $739,000
Harcourts 118 KELLY AND MOSSES RD, KORUMBURRA, VIC, 3950 Beds4 Bathrooms3 Parking 8 $1,895,000
Harcourts 390 KORUMBURRA-WONTHAGGI RD, KORUMBURRA, VIC, 3950 Beds3 Bathrooms2 Parking 3 $1,395,000
Harcourts 58 PRINCES ST, KORUMBURRA, VIC, 3950 Beds3 Bathrooms1 Parking 1 $475,000

Local Schools

St Joseph's School

Korumburra Secondary College

Korumburra Primary School

(While the above schools are located with the suburb of Korumburra there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Korumburra weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.213.025.449.093.84.324.5
Feb1.513.225.147.688.14.320.1
Mar1.912.123.449.983.74.015.4
Apr2.29.620.252.985.13.511.3
May3.48.016.861.594.23.78
Jun2.9614.663.391.83.36.8
Jul2.46.013.964.4943.97.4
Aug36.414.560.994.04.210.1
Sept2.97.616.857.994.14.214.1
Oct2.48.518.857.694.34.319.0
Nov2.410.120.457.695.54.522.3
Dec2.211.622.454.295.04.425.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

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Public Transport


General Points of Interest

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