FOR SALE
$3,200,000 - $3,500,000

30 - 38 Korumburra Road
Warragul VIC 3820

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5ha
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EXCEPTIONAL DEVELOPMENT OPPORTUNITY

On the southern fringe of Warragul, less than 1.5km from the town centre and with excellent freeway access, this approximate 12 acre land bank is an exciting opportunity for the astute developer or investor.
The holding is zoned General Residential One (GRZ1) and consists of two titles (approx 8.47 acres and 3.41 acres) with road frontages to both the Korumburra-Warragul and Bona Vista Roads.
Ideal for an exclusive residential development, the elevated site has superb views across the nearby hills to the distant ranges.
Warragul continues to enjoy strong economic and population growth, a popular choice for families seeking a less stressful lifestyle and affordable real estate.
Excellent schools, childcare, health, recreational and community amenities together with a wide range of retail, professional and commercial businesses cater for a broad demographic.
Further afield, the eastern fringe of Melbourne is 40 minutes, the GPO is 100km with good freeway and public transport links.
With its strategic location, stunning backdrop and exceptional development potential, this 12 acre holding could be Warragul's next premier residential estate.
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Property Details for 30 - 38 Korumburra Rd, Warragul

Building Type
Commercial
Land Size
5ha

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About Warragul 3820

The size of Warragul is approximately 55 square kilometres. It has 43 parks covering nearly 4.4% of total area. The population of Warragul in 2011 was 14,073 people. By 2016 the population was 15,764 showing a population growth of 12.0% in the area during that time. The predominant age group in Warragul is 50-59 years. Households in Warragul are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warragul work in a professional occupation. In 2011, 71.9% of the homes in Warragul were owner-occupied compared with 72.7% in 2016.

Warragul has 12,677 properties. Over the last 5 years, Houses in Warragul have seen a 45.61% increase in median value, while Units have seen a 36.44% increase. As at 30 September 2024:

  • The median value for Houses in Warragul is $683,868 while the median value for Units is $416,749.
  • Houses have a median rent of $520 while Units have a median rent of $380.
There are currently 186 properties listed for sale, and 23 properties listed for rent in Warragul on OnTheHouse. According to CoreLogic's data, 519 properties were sold in the past 12 months in Warragul.

Suburb Insights for Warragul 3820

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Dale Atkin
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Libby Talbot
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Ray White Drouin
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.