11 Lauren Way

Korumburra VIC 3950

The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of total area. The population of Korumburra in 2011 was 4,374 people. By 2016 the population was 4,491 showing a population growth of 2.7% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation. In 2011, 74.2% of the homes in Korumburra were owner-occupied compared with 73% in 2016.

Korumburra has 3,099 properties. Over the last 5 years, Houses in Korumburra have seen a 71.61% increase in median value, while Units have seen a 63.53% increase. As at 31 July 2024:

• The median value for Houses in Korumburra is $562,789 while the median value for Units is $445,162.
• Houses have a median rent of $450 while Units have a median rent of $365.