Korumburra (VIC 3950): property prices & suburb profile
South Gippsland LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Korumburra property prices
The typical Korumburra house sold for around $566,000 in the year to 2025-Q4, +147.2% over 10 years and +71.9% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $236,000 | $254,500 |
| 2014 | $222,500 | $215,000 |
| 2015 | $262,500 | $198,000 |
| 2016 | $257,500 | $210,000 |
| 2017 | $292,000 | $221,500 |
| 2018 | $317,500 | $259,000 |
| 2019 | $320,000 | $319,000 |
| 2020 | $391,000 | $308,000 |
| 2021 | $480,000 | $350,000 |
| 2022 | $525,000 | $410,000 |
| 2023 | $550,000 | $415,000 |
| July 2023 | $382,500 | |
| Oct 2023 | $450,000 | |
| 2024 | $550,000 | $455,000 |
| Apr 2024 | $570,000 | $450,000 |
| July 2024 | $525,000 | |
| Oct 2024 | $546,300 | |
| 2025 | $572,500 | |
| Apr 2025 | $520,000 | |
| July 2025 | $547,800 | $430,000 |
| Oct 2025 | $610,000 | $425,000 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Korumburra medians by quarter
The most recent quarter on record for Korumburra is 2025-Q4.
| 2025-Q4 | Unit | $425k | 7 |
| 2025-Q4 | House | $610k | 29 |
| 2025-Q3 | Unit | $430k | 6 |
| 2025-Q3 | House | $548k | 25 |
| 2025-Q2 | House | $520k | 21 |
| 2025-Q1 | House | $573k | 23 |
| 2024-Q4 | House | $546k | 20 |
| 2024-Q3 | House | $525k | — |
| 2024-Q2 | Unit | $450k | — |
| 2024-Q2 | House | $570k | — |
| 2024-Q1 | Unit | $455k | — |
| 2024-Q1 | House | $535k | 17 |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Korumburra
Korumburra has a median age of 47 and a median household income of $1,175 a week.
- Figures labelled Korumburra are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Korumburra" and postcode 3950 both extend beyond Korumburra.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Schools in Korumburra
The 3 schools in Korumburra sit at the 36th percentile nationally on ACARA's socio-educational index.
| Korumburra Primary School | Government | Primary | 973 |
| Korumburra Secondary College | Government | Secondary | 976 |
| St Joseph's School | Catholic | Primary | 1,002 |
- ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
- Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
- Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.
Suburbs near Korumburra
Korumburra's typical house price of $566,000 is the 61st highest of the 117 Regional Victoria suburbs we cover.
Alexandra 3714
$556,000 typical house price
Alfredton 3350
$622,000 typical house price
Ararat 3377
$395,000 typical house price
Bairnsdale 3875
$463,000 typical house price
Ballarat Central 3350
$668,000 typical house price
Ballarat East 3350
$532,000 typical house price
Ballarat North 3350
$555,000 typical house price
Baranduda 3691
$656,000 typical house price
Korumburra: common questions
- How much does a house cost in Korumburra?
- About $566,000 across the 12 months to 2025-Q4, from 98 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Korumburra prices gone up?
- Prices have risen 147.2% over 10 years and moved +71.9% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Korumburra?
- The typical unit price was around $427,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 13 sales.
- Can I see Korumburra prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
- Which schools are in Korumburra?
- Korumburra has 3 ACARA-registered schools: Korumburra Primary School, Korumburra Secondary College, St Joseph's School.
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Data sources
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This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.