ABS 2021 Census · Updated 31 March 2026
Korong Vale is a regional centre in Victoria, Australia, with a population of approximately 143, making it a boutique locality. Located approximately 197 km from the Melbourne CBD, Korong Vale is a regional area in Victoria. The median household income is $29,900 AUD per year (ABS 2021 Census).
Household earnings in Korong Vale are below the state average, which may affect long-term capital growth. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.
Map shows Korong Vale, Victoria, Australia.
Official Australia Post postcode for Korong Vale. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Korong Vale on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →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 →As a regional centre, Korong Vale 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 $130/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $433/month.
Long-term holding in Korong Vale requires careful assessment of local economic resilience.
Korong Vale's rental market is softer — budget for potential vacancy periods.
Renovation or flip strategies in Korong Vale face headwinds from a smaller buyer pool and slower turnover.
Run the numbers on a Korong Vale property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Price movement in Korong Vale is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Korong Vale may face longer tenant search times; competitive pricing will be important. Investor sentiment toward Korong Vale is currently lukewarm — value hunters may find opportunity here.
Korong Vale is a regional area in Victoria with a population of 143. The median rent is $130/week and the median household income is $29,900/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Korong Vale include regional employment hubs, lifestyle, and affordability. 64% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Korong Vale has a population of approximately 143. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Korong Vale is approximately 197 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 — local amenities and employment are important investment considerations.