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VIC › Korumburra › Sunset Cl

10 Sunset Cl, Korumburra VIC 3950

For saleHouse for Sale

$599,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

432 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $599,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $599,000(Listing record · 4 Aug 2026)
  • FactLand 432 m²; no building size recorded.(Property record)
  • CalculationAsk is 0% below the Korumburra median recorded sale ($599,500, n=72, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Korumburra's advertised median rent ($446/wk), implied gross yield would be 3.87% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$599,000

Asking · $1,387/m² of land

No recorded sale for this property.

Korumburra at a glance

4,851

People

$599,500

Median sale

$446/wk

Median rent

3.87%

Suburb gross yield

Median sale from 72 recorded sales (last 12 months) — a Districts calculation.

See the full Korumburra report →

Vs Korumburra

-0.1%

Median sale

Suburb $599,500

0.00 pp

Gross yield

Suburb 3.87%

Suburb median $599,500 from 72 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$599,000
Stamp Duty (Victoria)
$31,010
Transfer/Registration Fee
$1,506
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$635,216

$36,216 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Korumburra's advertised median rent — not a rent for this listing.

Net yield
2.37%
Annual cashflow (pre-tax)
$-16,941
Interest cover (DSCR)
0.46
Annual rent
$23,192
Operating expenses
$8,985
Loan amount
$479,200
Annual interest
$31,148
Gross yield
3.87%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$599,000available4 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $446/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Korumburra in one glance

Korumburra at a glance

4,851

People

$599,500

Median sale

$446/wk

Median rent

3.87%

Suburb gross yield

Median sale from 72 recorded sales (last 12 months) — a Districts calculation.

See the full Korumburra report →

Keep researching

  • Why Korumburra? Read the area thesis →
  • What else is on the market in Korumburra →
  • Other records on Sunset Cl →

Listing material

Listed by Area Specialist Solutions

The Brief: Low Maintenance Living, High Quality Lifestyle

If you're searching for a home where you can simply move in, lock up and enjoy life, 10 Sunset Close is exactly the kind of property you've been waiting for.

Positioned in one of Korumburra's most tightly held and peaceful courts, this quality brick veneer home was built by a highly respected local builder and has been exceptionally well maintained. Still presenting almost as new throughout, every detail has been carefully considered to create a home that is comfortable, practical and effortless to live in.

Set on an easy-care 423m² allotment, you'll spend less time maintaining the garden and more time doing the things you enjoy. There's enough lawn for visiting grandchildren or pets to play, space to potter amongst the established gardens, yet without the burden of endless upkeep. Double gates at the rear provide the convenience of laneway access, adding another layer of practicality to an already well thought out property.

Read the full description

Step inside and you'll immediately appreciate the sense of space. The generous open plan lounge, kitchen and dining area forms the heart of the home, creating a warm and inviting space to relax or entertain family and friends. Easy-care vinyl flooring, excellent insulation and reverse cycle heating and cooling ensure year-round comfort.

Designed with functionality in mind, the kitchen offers an abundance of deep drawers, quality stainless steel appliances including a gas cooktop, electric oven and dishwasher, generous bench space and plenty of storage, making everyday living both easy and enjoyable.

Privately positioned at the rear of the home, the generous master suite provides a peaceful retreat, complete with a walk-in robe and ensuite. Two further bedrooms are both excellent in size, each featuring double built-in robes and serviced by a spacious family bathroom with a large corner shower.

Sliding doors lead directly to the covered alfresco, creating a seamless extension of the main living area. Sheltered from the weather and wonderfully private, it's the perfect place for family barbecues, entertaining friends or simply enjoying a quiet afternoon overlooking the neat, low-maintenance backyard.

Practicality continues with a double remote garage offering internal access, a welcoming entry foyer complete with a full-height double storage cupboard for coats and shoes, quality window furnishings throughout, and remote-controlled roller shutters providing additional privacy, security and year-round climate control.

Outside, the gardens have been thoughtfully landscaped to remain attractive without becoming a burden. There's just enough lawn to enjoy, while two garden sheds tucked neatly along the side of the home provide excellent storage without compromising the outdoor space.

One of the biggest drawcards, however, is the location. Sunset Close is a quiet no-through court surrounded by beautifully maintained homes, offering peace and privacy while remaining within comfortable walking distance of Korumburra's shops, cafés, medical facilities and everyday conveniences.

Whether you're looking to downsize without compromising on space, enjoy a relaxed retirement, or secure a quality investment that will be easy to own for years to come, this home is an outstanding opportunity.

Beautifully presented, thoughtfully designed and built to a standard that's becoming increasingly difficult to find, this is the kind of home you can simply move into, unpack and enjoy from day one.

Looking to buy, sell or rent in South Gippsland? Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 8/43-49 Little Commercial Street, Korumburra.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.

Listing description written by Jack Gilchrist, Area Specialist Solutions — reproduced as published, not verified by Districts.

Property features

  • Broadband
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Outdoor Entertaining
  • Secure Parking
  • Shed

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.