Baw Baw Shire Council
Korumburra
Korumburra at a glance
Median house
$520,000
Median unit
$404,000
Walk score
6
Very car dependent
Population
4,749
Median age 47
The brief
What to know about Korumburra.
Korumburra (3950) sits in the Baw Baw region of Victoria. The median house here is $520,000, below the Victoria median of around $850K.
Korumburra has roughly 4,749 residents, with an established, older skew. 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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Day to day
What it’s like to live here.
Korumburra scores 6/100 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.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 1 government primary, 1 government secondary, 1 Catholic.
Who lives here
Demographics.
The 2021 Census put Korumburra's population at 4,749, with a median age of 47. That sits as an established, older skew. Households are predominantly owner-occupied (77% own, 19% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (66% family households, 31% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
4,749
Median age
47
Family households
66%
Lone person
31%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $520,000 on a typical sale, below the Victoria median. Units come in around $404,000, roughly 22% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $104,000. Prices are below the Victoria median, which keeps Korumburra on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$520,000
+0.0% over the past year. Median unit price $404,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$270/wk
Weekly rent (unit)
$270/wk
Owner occupied
77%
Renter occupied
19%
At a deeper level
$520,000
$404,000
4,749
Median age: 47
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For investors
Investment overview.
Gross rental yield on houses sits at 2.70% (median rent $270/wk against a $520,000 price tag). Units yield 3.48% gross, often the better cash-flow play for first-time investors. Renter share is modest (19%), 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 20262.70%
Based on $520,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20263.48%
Based on $404,000 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 202677%
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.
426
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.
6
0
70
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Korumburra.
Local schools for Korumburra
View the catchment for each school to find out more.
Government School Catchment
Korumburra Primary School
Korumburra Secondary College
Non-Government Schools
St Joseph's School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Korumburra.
- What is the median house price in Korumburra?
- The median house price in Korumburra, VIC 3950 is $520,000. The median unit price is $404,000. Annual growth is +0.0%.
- What is the Korumburra postcode?
- Korumburra is in the 3950 postcode, in VIC, in the Baw Baw Shire Council region.
- What is the average rent in Korumburra?
- The median weekly rent for houses is $270, for units it's $270.
- What schools are in Korumburra?
- There are 3 schools serving Korumburra on this page, including St Joseph's School, Korumburra Primary School, Korumburra Secondary College.
- How walkable is Korumburra?
- Korumburra has a Walk Score of 6 out of 100, highly car-dependent. transit score 0, bike score 70.
- What suburbs are near Korumburra?
- Korumburra is close to Whitelaw, Korumburra South, Jumbunna, Kardella, Kardella South.
- What is the population of Korumburra?
- Korumburra has approximately 4,749 residents. The median age is 47.
For Sale
Korumburra
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Surrounding Suburbs
Side by side
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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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