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Suburb Insights ยท VIC 3714

Koriella 3714, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Koriella is a regional centre in Victoria, Australia, with a population of approximately 66, making it a boutique locality. Located approximately 94 km from the Melbourne CBD, Koriella is a regional area in Victoria. The median household income is $95,316 AUD per year (ABS 2021 Census).

Investment Score

44 / 100 Moderate

Strong household incomes in Koriella underpin solid property demand. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Koriella, Victoria, Australia.

Key Indicators

Postcode
3714

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

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Population
66

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

ABS Census Data โ†’
Median Rent (weekly)
$250/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
$95,316/yr

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

ABS Census Data โ†’
Distance to CBD
94 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)
$2,160/mo

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

ABS Census Data โ†’
Dwelling Type
66% 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, Koriella 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 $250/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,160/month. The median household income of $95,316/year reflects a solid demographic, supporting sustainable rental demand.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Koriella could work well with careful property selection and a longer time horizon.

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

Run the numbers on a Koriella property

Full Property Analysis

30-year projections for Koriella

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Koriella may remain subdued in 2026, with limited demand drivers in the near term. Landlords in Koriella may face longer tenant search times; competitive pricing will be important. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Koriella a good suburb for investment?

Koriella is a regional area in Victoria with a population of 66. The median rent is $250/week and the median household income is $95,316/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 Koriella?

Key demand drivers in Koriella include regional employment hubs, lifestyle, and affordability. 66% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Koriella?

According to the ABS 2021 Census, Koriella has a population of approximately 66. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Koriella from the Melbourne CBD?

Koriella is approximately 94 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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