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.
VIC › Korumburra › Bailey St
$1,100,000
For sale
Asking
4
Bedrooms
2
Bathrooms
4
Car spaces
10,764.638 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
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.
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.
$66,878 on top of the price (6.1% extra)
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.
Pre-filled with Korumburra's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
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.
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.
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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
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.
Listing material
Listed by Area Specialist SolutionsProperties 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.
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.