Korumburra VIC 3950
Korumburra is in South Gippsland LGA, VIC, postcode 3950, with population 4,749.
Strong evidence
Korumburra has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 47% of annual income. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →108 latest-year approvals in South Gippsland, +0.0% YoY; population +0.6% YoY (0.5% 5yr).
Open development signals →Save suburbs here while you browse. Once the shortlist has two or more names, hand it straight into compare.
No saved AU suburbs yet.
No saved suburbs yet. Start with one ranking or suburb page, then compare once you have two candidates.
Open rankings to save the first candidates.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 47% of annual income. Snapshot rent $433/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Korumburra has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
No major visible gaps in the current status panel.
Korumburra currently reads as a affordability-first candidate.
Entry price sits in the lower-cost range for a first-pass screen. School coverage gives the page a stronger family/livability signal. No major decision caution is visible from the current evidence layer.
Compare it against a contrasting suburb before turning it into a decision.
Entry price sits in the lower-cost range for a first-pass screen. School coverage gives the page a stronger family/livability signal. Transport coverage adds a practical access signal.
No major caution is visible beyond the normal source checks.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Korumburra VIC
Korumburra is a smaller suburb in Victoria within the South Gippsland local government area (postcode 3950). With a population of 4,749, the suburb has a mature demographic with a median age of 47. Households earn a median income of $61K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Korumburra is $550,000, having increased 4.8% over the past year. Units have a median price of $415,000 (+1.2% YoY). The current median weekly rent is $433. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,300.
Korumburra is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 1 rail station, 7 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the South Gippsland LGA is higher than average at 8,421 incidents per 100,000 population.
From an investment perspective, Korumburra offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +4.8% year-on-year. Population growth of +0.6% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Korumburra is a smaller suburb in Victoria within the South Gippsland local government area (postcode 3950). With a population of 4,749, the suburb has a mature demographic with a median age of 47. Households earn a median income of $61K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Korumburra is $550,000, having increased 4.8% over the past year. Units have a median price of $415,000 (+1.2% YoY). The current median weekly rent is $433. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,300.
Korumburra is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 1 rail station, 7 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the South Gippsland LGA is higher than average at 8,421 incidents per 100,000 population.
From an investment perspective, Korumburra offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +4.8% year-on-year. Population growth of +0.6% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Korumburra FAQ
Common questions-
What LGA is Korumburra in?
Korumburra is in the South Gippsland Local Government Area, VIC, postcode 3950. Council-level context for South Gippsland LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
-
What is the median house price in Korumburra?
The current median house price in Korumburra, VIC is $550K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
-
What is the typical weekly rent in Korumburra?
The median weekly rent in Korumburra is $433/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
-
What does the rent signal say about Korumburra?
Income-stretched rent market: Weekly rent screens at about 47% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
-
Is Korumburra a good investment?
QuickProperty's investment signals for Korumburra show: Moderate Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
-
Where does QuickProperty get its data for Korumburra?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
-
How often is the Korumburra data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.