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South Gippsland Shire
Korumburra

Korumburra Property Market
& Suburb Profile

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MEDIAN PRICES IN KORUMBURRA

Median house price

(all agencies, last 12 months)$599k*

House price change

(all agencies, last 12 months)+6.3%

Median unit price

(all agencies, last 12 months)$440k*

Unit price change

(all agencies, last 12 months)-1.12%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

KORUMBURRA PRICE TRACKER

HousesUnits

KORUMBURRA SALES OVERVIEW

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)85

Average days on market (units)

(all agencies, 12 months)118

Average held period in Korumburra

(proptrack)9 years

KORUMBURRA INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$467pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$410pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)4.38%

Average rental yield for Units

(all agencies, last 12 months)5.08%

Korumburra total population size

(as at the last census)4,749

Median household size in Korumburra

(as at the last census)2.3

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

KORUMBURRA PROPERTY TYPES

  • Houses 59%
  • Units 8%
  • Other 33%

OCCUPANCY IN KORUMBURRA

  • Owned 77%
  • Rented 19%
  • Other/Not Stated 4%
  • Singles 31%
  • Families 66%
  • Other 3%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT KORUMBURRA

Korumburra is a charming suburban town located in the picturesque region of Gippsland, Victoria. Known for its natural beauty, rich history, and community spirit, Korumburra offers a unique blend of rural tranquillity and modern amenities. If you're considering moving to Gippsland, Korumburra should be at the top of your list.

Korumburra is situated approximately 120 kilometres southeast of Melbourne, making it an ideal choice for those seeking a peaceful lifestyle.

The Korumburra real estate market presents a range of housing options, including period homes with character, modern family residences, and spacious rural properties. The median property price in Korumburra offers excellent value compared to metropolitan areas, making it an attractive option for both first-time buyers and families looking to upsize.

Korumburra boasts a strong sense of community, with various local clubs, events, and activities that bring residents together. The town is known for its vibrant arts scene, with galleries and cultural events to enjoy. Additionally, the picturesque surrounding countryside offers outdoor enthusiasts opportunities for hiking, cycling, and exploring the nearby Tarwin Valley.

Families with children will find a range of quality educational options in Korumburra, including primary and secondary schools. The town is committed to providing a nurturing environment for children to learn and grow.

Korumburra is well-connected by road and rail, making it easy to access neighbouring towns and cities. The South Gippsland Highway and the Korumburra railway station are key transportation hubs that connect residents to the broader Gippsland region and Melbourne.

Korumburra offers a variety of local amenities, including shops, cafes, and healthcare services. The town's proximity to larger regional centres ensures that residents have access to essential services while enjoying a peaceful lifestyle.

Korumburra, with its natural beauty, friendly community, and affordability, is a suburb that offers the best of both worlds. Whether you're looking to buy your first home, raise a family, or enjoy a serene retirement, Korumburra is a place where you can create lasting memories.

Education

Korumburra Primary School
Korumburra Secondary College
St Joseph's School
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SALES COMPARISON

Find out how Korumburra median sales prices compare to neighbouring suburbs.

KORUMBURRA MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025125$519,5006.30%57$439pw4.73%
202498$503,000-3.69%46$424pw4.55%
2023102$510,6254.35%66$405pw4.23%
2022110$484,1165.33%60$392pw4.14%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025125$519,500+6.30%
202498$503,000-3.69%
2023102$510,625+4.35%
2022110$484,116+5.33%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
202557$439pw4.73%
202446$424pw4.55%
202366$405pw4.23%
202260$392pw4.14%

PROUDLY SERVICING Korumburra

Barry Plant
Korumburra

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.