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 › Macqueen Ave
$355,000
Last sold
13 May 2026
3
Bedrooms
1
Bathrooms
0
Car spaces
734 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
Last sold
$355,000
13 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Korumburra (last 5 years) with land size have a median of $707/m² of land (n=125). Districts calculation from recorded sales — not a valuation.
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
-40.8%
Median sale
Suburb $599,500
+2.66 pp
Gross yield
Suburb 3.87%
Suburb median $599,500 from 72 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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 SolutionsPositioned in a convenient central location within easy reach of Korumburra’s shops, schools and everyday amenities, this original three-bedroom weatherboard home presents a rare opportunity for those not afraid of a serious renovation project.
Set on a generous 734m² block, the property offers excellent potential for redevelopment or possible subdivision (STCA), with the added benefit of rear lane access and wide side access providing flexibility for future improvements, vehicle access or potential development.
The home itself is very much a project - and we mean a real one. It will require significant work and is certainly not for the faint-hearted, but for the right buyer the upside could be well worth the effort.
Inside, the layout comprises three decent-sized bedrooms, two of which include wardrobes, along with a large front lounge featuring the original brick open fireplace. A combined kitchen and meals area sits toward the rear of the home with a functional electric upright stove, while the bathroom was updated within the last decade and includes disability access. A separate toilet is located at the rear of the home.
While the property clearly needs considerable attention, the bones appear surprisingly solid. The roof looks to be in reasonable order, aluminium windows are installed throughout, and the floors feel firm underfoot. With a bit of luck and a lot of elbow grease, you may even uncover beautiful timber floorboards hiding beneath the carpet.
Let’s just say the home has developed a little… “character” over time, and those with a keen eye may notice a touch of mould here and there, but think of it as the house politely encouraging you to get started on the renovation sooner rather than later.
Outside, the property includes sundry shedding in the backyard, plenty of open space for improvement, and a front ramp providing easy access to the home.
Whether you’re chasing your next renovation project, looking for a potential flip, or simply wanting to secure an affordable entry into the property market, opportunities like this in such a central Korumburra location are becoming increasingly hard to find.
This property must be sold via an Expressions of Interest campaign, with all offers to be submitted in writing by 5:00pm on Monday 13th April 2026. Please note the property cannot be sold prior. The property is being sold as inspected and the purchaser must conduct their own due diligence prior to submitting an offer.
Terms: 10% deposit, settlement within 60 days.
Roll up your sleeves because this one is going to take some work, but for buyers with vision and determination, the rewards could be substantial.
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.