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ABS 2021 Census · Updated 21 May 2026
Korumburra South is a regional centre in Victoria, Australia, with a population of approximately 114, making it a boutique locality. Located approximately 107 km from the Melbourne CBD, Korumburra South is a regional area in Victoria. The median household income is $97,500 per year.
Korumburra South benefits from a high-income resident base, supporting premium property pricing. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.
Official Australia Post postcode for Korumburra South. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Korumburra South on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Korumburra South is a smaller community of 114 — about 2% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. At $97,500/year, household income in Korumburra South is within 2% of the Victoria median ($95,160), placing the suburb firmly in the state's mainstream demographic band. Median rent of $225/week (~$975/month) covers only 53% of the median mortgage of $1,842/month — the remaining $867/month must be funded from other income, so this suburb tilts toward capital growth rather than yield. Korumburra South is 107 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
How Korumburra South stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Korumburra South sits above the state median; negative means below.
| Metric | Korumburra South | VIC median | Δ vs state |
|---|---|---|---|
| Population | 114 | 7,416 | -98% |
| Median household income | $97,500/yr | $95,160/yr | +2% |
| Median rent (weekly) | $225 | $380 | -41% |
| Median mortgage (monthly) | $1,842 | $1,950 | -6% |
| Distance to CBD | 107 km | 32 km | +234% |
| Separate houses | 87% | 78% | +9pp |
Pre-inspection briefing for Korumburra South — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 114 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Weak cash flow: $225/week rent covers only 53% of the $1,842/month median mortgage — a $867/month gap that must be funded from other income. This suburb is a capital-growth play, not a yield play.
With 87% houses in a 114-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Korumburra South property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Korumburra South are modest for 2026 — incomes close to the VIC median of $95,160 and a population of 114 suggest gains will lag headline metro markets. Rental coverage runs at ~53% of the typical mortgage ($975/month rent vs $1,842/month repayment), meaning investors will rely on capital growth rather than yield. The EquitySight investment score of 44/100 places Korumburra South in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Korumburra South scores 44/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 114, median household income of $97,500/year and median weekly rent of $225. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Korumburra South are an above-state-median household income of $97,500/year, a dwelling mix that is 87% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Korumburra South has a usual resident population of approximately 114, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Korumburra South sits 107 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $225 in Korumburra South, equating to approximately $11,700/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Korumburra South is $1,842, or approximately $22,104/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $225 works out to $975/month, covering 53% of the median mortgage repayment of $1,842/month. That leaves a $867/month shortfall (around $10,404/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (114 residents), interest-rate sensitivity on the $1,842 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.