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Suburb Insights ยท VIC 3559

Corop 3559, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Corop is a regional centre in Victoria, Australia, with a population of approximately 161, making it a boutique locality. Located approximately 151 km from the Melbourne CBD, Corop is a regional area in Victoria. The median household income is $51,064 AUD per year (ABS 2021 Census).

Investment Score

27 / 100 Weak

Lower income levels in Corop typically translate to more affordable entry points for investors. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Corop, Victoria, Australia.

Key Indicators

Postcode
3559

Official Australia Post postcode for Corop. A postcode may cover multiple suburbs.

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Population
161

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$210/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$51,064/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
151 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$762/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
86% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Corop serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $210/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $762/month. 86% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Buy-and-hold in Corop carries higher risk due to limited demand drivers and slower growth fundamentals.

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Rental Yield

Rental yields in Corop tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Limited buyer depth in Corop makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

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Full Property Analysis

30-year projections for Corop

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Corop may remain subdued in 2026, with limited demand drivers in the near term. The rental pipeline in Corop is thinner โ€” flexible lease terms could help secure tenants faster. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Corop a good suburb for investment?

Corop is a regional area in Victoria with a population of 161. The median rent is $210/week and the median household income is $51,064/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Corop?

Key demand drivers in Corop include regional employment hubs, lifestyle, and affordability. 86% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Corop?

According to the ABS 2021 Census, Corop has a population of approximately 161. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Corop from the Melbourne CBD?

Corop is approximately 151 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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