Koroit at a glance
Median house
$595,000
Median unit
$229,680
Walk score
4
Very car dependent
Population
2,184
Median age 41
The brief
What to know about Koroit.
The postcode for Koroit is 3282 (VIC).
The median house price in Koroit is $595,000.
Koroit (3282) sits in the Warrnambool region of Victoria. The median house here is $595,000, below the Victoria median of around $850K.
Koroit has roughly 2,184 residents, with a typical family-age mix. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Median, growth, schools, walkability, all in one view.
Nearby suburbs
Day to day
What it’s like to live here.
Koroit scores 4/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 8 government primary, 2 government secondary, 7 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Koroit's population at 2,184, with a median age of 41. That sits as a typical family-age mix. Households are predominantly owner-occupied (79% own, 17% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (75% family households, 23% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
2,184
Median age
41
Family households
75%
Lone person
23%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $595,000 on a typical sale, below the Victoria median. Units come in around $229,680, roughly 61% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $119,000. Prices are below the Victoria median, which keeps Koroit on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$595,000
+0.0% over the past year. Median unit price $229,680.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$280/wk
Weekly rent (unit)
$280/wk
Owner occupied
79%
Renter occupied
17%
At a deeper level
$595,000
$229,680
2,184
Median age: 41
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For investors
Investment overview.
Gross rental yield on houses sits at 2.45% (median rent $280/wk against a $595,000 price tag). Units yield 6.34% gross, often the better cash-flow play for first-time investors. Renter share is modest (17%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.45%
Based on $595,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20266.34%
Based on $229,680 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202679%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
63
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
4
0
45
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Koroit.
Local schools for Koroit
View the catchment for each school to find out more.
Government School Catchment
Koroit And District Primary School
Brauer Secondary College
Woodford Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Koroit.
- What is the median house price in Koroit?
- The median house price in Koroit, VIC 3282 is $595,000. The median unit price is $229,680.
- What is the Koroit postcode?
- Koroit is in the 3282 postcode, in VIC, in the Warrnambool City Council region.
- Where is Koroit?
- Koroit is a regional suburb in VIC, postcode 3282, in the Warrnambool City Council region.
- What is the average rent in Koroit?
- The median weekly rent for houses is $280, for units it's $280.
- What schools are in Koroit?
- There are 19 schools serving Koroit on this page, including Koroit And District Primary School, St Patrick's School, St John's School.
- How walkable is Koroit?
- Koroit has a Walk Score of 4 out of 100, highly car-dependent. transit score 0, bike score 45.
- What suburbs are near Koroit?
- Koroit is close to Crossley, Southern Cross, Tower Hill, Kirkstall, Illowa.
- What is the population of Koroit?
- The population of Koroit is approximately 2,184 (2021 Census). The median age is 41.
For Sale
Koroit
Buying
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Surrounding Suburbs
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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