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VIC › Korumburra › Bailey St

12 Bailey St, Korumburra VIC 3950

For saleHouse for Sale

$1,100,000

For sale

Asking

4

Bedrooms

2

Bathrooms

4

Car spaces

10,764.638 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,100,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,100,000(Listing record · 24 Aug 2026)
  • FactLand 10,765 m²; no building size recorded.(Property record)
  • CalculationAsk is 83% above 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 2.11% — 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

$1,100,000

Asking · $102/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

+83.5%

Median sale

Suburb $599,500

-1.76 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
$1,100,000
Stamp Duty (Victoria)
$60,500
Transfer/Registration Fee
$2,678
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
$1,166,878

$66,878 on top of the price (6.1% 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
0.61%
Annual cashflow (pre-tax)
$-50,508
Interest cover (DSCR)
0.12
Annual rent
$23,192
Operating expenses
$16,500
Loan amount
$880,000
Annual interest
$57,200
Gross yield
2.11%

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$1,100,000available24 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 2.1%. 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 Bailey St →

Listing material

Listed by Area Specialist Solutions

The Brief: Acreage Living Without Leaving Town

Properties like this are incredibly difficult to find. Offering 2.6 acres of picturesque, private surrounds just a minute from the heart of Korumburra, 12 Bailey Street delivers the country lifestyle so many families dream about without sacrificing the convenience of living in town.

Set across two titles and surrounded by established native trees, the property feels wonderfully private and secluded, yet has all town services connected including town water, sewerage and natural gas. Add dual street frontage, excellent shedding, paddocks and direct access to the Great Southern Rail Trail, and you have a lifestyle property that truly offers the best of both worlds.

The home itself is full of warmth and country charm, with a split-level design, vaulted ceilings and exposed beams creating a wonderful sense of character. The spacious formal lounge features a fireplace for cosy winter evenings, while the central kitchen is well equipped with stone benchtops and quality stainless steel appliances. Your comfort is guaranteed year round with fully ducted reverse cycle heating and cooling.

Read the full description

The kitchen opens into the family living and dining area, providing a relaxed everyday space before flowing outside to what will undoubtedly become one of your favourite parts of the property.

An incredible elevated entertaining deck takes full advantage of the beautiful outlook across the paddocks and canopy of established native trees. Complete with its own fireplace, built-in bar and spa, it's a space designed to be enjoyed year-round, whether you're entertaining a crowd or sitting back at the end of the day and taking in the peaceful surroundings.

Accommodation is ideal for family living, with four well-proportioned bedrooms positioned together on one side of the home. The master includes a walk-in robe and ensuite, while the remaining three bedrooms all feature built-in robes and are serviced by a beautifully renovated family bathroom.

Outside is where the acreage lifestyle really comes into its own. A well-fenced front paddock provides plenty of room for a couple of steers, sheep or other livestock, complete with its own dam where you'll even find plenty of yabbies. A separately fenced fruit orchard adds another touch of country living, while the balance of the property offers plenty of room for children, pets and the whole family to spread out and enjoy.

For those needing serious storage, workshop space or somewhere for the toys, the substantial 9m x 9m shed is another major drawcard. There's also a double carport attached to the home and an abundance of additional parking for caravans, boats, trailers, machinery and more.

Access is exceptional. Enter from Bailey Street via Lower Gordon Street or take advantage of the property's rear access from North Railway Crescent via your own private road. The drive-through configuration is particularly valuable for anyone with larger vehicles, trucks, machinery or caravans.

At the rear boundary, direct access onto the Great Southern Rail Trail means you can step straight from your own property onto kilometres of walking and cycling trails, perfect for walking the dog, taking the kids for a bike ride or simply enjoying the beautiful South Gippsland countryside.

It's difficult to believe all of this exists just moments from the centre of Korumburra.

You can have the paddock, shed, dam, orchard, native trees and sense of complete seclusion, then jump in the car and be at the supermarket, schools, cafés and town centre within a minute. Better still, there's no reliance on tank water or septic systems, with the convenience of town water, sewerage and natural gas already connected.

Small acreage properties are tightly held. Small acreage properties with this level of privacy, town services, dual access and such incredible proximity to Korumburra are rarer again.

12 Bailey Street offers a genuine opportunity to give your family the country lifestyle you've always wanted, without giving up the convenience of town.

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
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Outdoor Entertaining
  • Secure Parking
  • Shed
  • Workshop
Districts

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.