Korumburra, VIC 3950
Compare Part of South Gippsland
101.94 km
Distance from Melbourne CBD
4 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $222,500 | 0.0% | $80,000 | $720,000 | 96 |
| 2010 | $232,500 | +4.3% | $80,000 | $622,000 | 99 |
| 2011 | $243,000 | +4.3% | $135,000 | $760,000 | 90 |
| 2012 | $255,000 | +4.7% | $85,000 | $515,000 | 76 |
| 2013 | $245,000 | -4.1% | $110,000 | $515,000 | 75 |
| 2014 | $235,000 | -4.3% | $30,000 | $680,000 | 86 |
| 2015 | $270,000 | +13.0% | $135,000 | $680,000 | 101 |
| 2016 | $285,000 | +5.3% | $130,000 | $710,000 | 89 |
| 2017 | $292,000 | +2.4% | $155,000 | $845,000 | 113 |
| 2018 | $325,000 | +10.2% | $183,000 | $790,000 | 129 |
| 2019 | $325,000 | 0.0% | $215,000 | $787,000 | 75 |
| 2020 | $410,000 | +20.7% | $200,000 | $1,250,000 | 95 |
| 2021 | $510,000 | +19.6% | $298,500 | $1,380,000 | 134 |
| 2022 | $560,000 | +8.9% | $345,000 | $1,380,000 | 90 |
| 2023 | $576,000 | +2.8% | $295,000 | $1,050,000 | 81 |
| 2024 | $561,000 | -2.7% | $407,500 | $1,100,000 | 25 |
Median Sale Price
$580K
Based on 79 recorded sales within the last 12 months
Updated on 20 Apr 2024
Suburb Growth
+4.3%
Current Median Price: $580,000
Previous Median Price: $555,000
Based on 156 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $250 | 0.0% | $170 | $310 | 45 |
| 2012 | $250 | 0.0% | $140 | $400 | 57 |
| 2013 | $240 | -4.2% | $160 | $350 | 93 |
| 2014 | $260 | +7.7% | $180 | $360 | 76 |
| 2015 | $265 | +1.9% | $165 | $380 | 83 |
| 2016 | $260 | -1.9% | $150 | $920 | 55 |
| 2017 | $300 | +13.3% | $200 | $495 | 46 |
| 2018 | $290 | -3.4% | $105 | $24,000 | 49 |
| 2019 | $325 | +10.8% | $250 | $400 | 43 |
| 2020 | $350 | +7.1% | $240 | $1,738 | 45 |
| 2021 | $400 | +12.5% | $330 | $500 | 28 |
| 2022 | $430 | +7.0% | $260 | $725 | 42 |
| 2023 | $450 | +4.4% | $340 | $650 | 53 |
| 2024 | $430 | -4.7% | $360 | $450 | 4 |
Median Rent Price
$450
per week
Based on 37 recorded rent within the last 12 months
Updated on 20 Apr 2024
Rent Price Growth
+2.2%
Current Median Rent: $450
Previous Median Rent: $440
Based on 85 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4%
Current Median Price: $580,000
Current Median rent: $450
Based on 116 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Korumburra
Houses sold in Last 12 months ends 13 Apr 2024
$550K
Median Sale Price
100%
Clearance Rate
5/5
Sold/Reported
$621K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K | 2 | |
| $400 K - $600 K (Median Price Range) | 3 | |
Similar Suburbs to Korumburra 3950
Based on median house sale price sold in last 12 months
Schools closest to Korumburra, VIC 3950
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Korumburra Primary School | 6 - 16 MINE ROADKorumburra 3950 | Primary | Government | 0.39 km |
| St Joseph's School | BRIDGE STKorumburra 3950 | Primary | Catholic | 0.46 km |
| Korumburra Secondary College | 125 JUMBUNNA ROADKorumburra 3950 | Secondary | Government | 2.18 km |