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South Gippsland Shire

Koonwarra

Koonwarra Property Market
& Suburb Profile

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MEDIAN PRICES IN KOONWARRA

Median house price

(all agencies, last 12 months)$735k*

House price change

(all agencies, last 12 months)-1.67%

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

KOONWARRA price TRACKER

Houses

Koonwarra 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)138

Average held period in Koonwarra

(proptrack)5 years

Koonwarra Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$460pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$422pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.15%

Average rental yield for Units

(all agencies, last 12 months)5.03%

Koonwarra total population size

(as at the last census)366

Median household size in Koonwarra

(as at the last census)2.5

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

Koonwarra property types

  • Houses 67%
  • Other 33%

OCCUPANCY in Koonwarra

  • Owned 88%
  • Rented 4%
  • Other/Not Stated 8%
  • Singles 24%
  • Families 76%
  • Other 1%

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About Koonwarra

Koonwarra is a small rural township in South Gippsland, located approximately 128 km southeast of Melbourne along the South Gippsland Highway. It has a tranquil, countryside atmosphere with broad open land, farmland, and the Great Southern Rail Trail running through the community.

Lifestyle & Community

With a population of around 366 (2021 Census), Koonwarra is characterised by a mature demographic with a median age of 53, well above the Victorian average of 38. Households tend to be small, with roughly 2.5 people per dwelling, frequently couples without children or empty nesters.

Housing & Zoning

The area is predominantly rural and zoned for farming, with about 87 percent classified as Farming Zone alongside some Rural Activity and conservation land. Housing consists mainly of separate houses on larger land parcels. Properties often include acreage, appealing to buyers seeking space and a traditional rural lifestyle.

Education & Schools

Local children typically attend primary schools in neighbouring towns. Within Koonwarra itself, Koonwarra Village School is an independent school for Foundation to Grade 6, offering a small-scale, community-focused learning environment since 2012.

Transport & Connectivity

Koonwarra lies on the South Gippsland Highway, providing road links to Leongatha and other regional centres. The South Gippsland rail line ceased operation in the early 1990s and has since been repurposed as part of the regional rail trail. Public transport options are very limited, and most residents rely on private vehicles, with an average of 2.7 cars per dwelling.

Housing Trends

Very few property sales are recorded each year due to the small size of the community, typically in the single digits annually. Median house prices (2025) often fall between $700,000 and $1,150,000, with larger rural properties sometimes exceeding that range.

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While we strive to ensure accuracy and currency, we make no guarantees regarding the completeness or reliability of the content. Users should conduct their own research and consult with relevant professionals before making property-related decisions. We do not accept any liability for loss or damage arising from reliance on this information.

Education

Koonwarra Village School
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Sales Comparison

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

Koonwarra MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20253$367,500-1.67%0$441pw4.09%
20245$470,00013.94%1$437pw3.90%
20232$412,500-12.00%0$406pw3.60%
20223$468,75023.36%1$395pw3.52%
20217$380,000-2.81%2$375pw3.44%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20253$367,500-1.67%
20245$470,000+13.94%
20232$412,500-12.00%
20223$468,750+23.36%
20217$380,000-2.81%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20250$441pw4.09%
20241$437pw3.90%
20230$406pw3.60%
20221$395pw3.52%
20212$375pw3.44%

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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 October 2024 to 31 October 2025, last updated 31 October 2025.