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 › Radovick St
$499,000–$548,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
4
Car spaces
935 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
$499,000–$548,000
Asking range · $534/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
-16.8%
Median sale
Suburb $599,500
+0.78 pp
Gross yield
Suburb 3.87%
Suburb median $599,500 from 72 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$29,982 on top of the price (6.0% 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.
Based on the low end of the asking range, not a contract price.
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 4.6%. 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 SolutionsHeld, loved and meticulously cared for by the same family for an incredible 65 years, this is a home filled with warmth, character and cherished memories. Perfectly positioned in one of Korumburra's most sought-after streets, surrounded by beautiful period homes and just a short stroll from the town's shops, cafés, pubs and everyday conveniences, this is a rare opportunity to secure a home in a location that generations have treasured.
Set proudly on an elevated 935m2 allotment, the home enjoys magnificent views across the rolling green hills that make Korumburra so special. A large covered front verandah provides the perfect vantage point to soak it all in, whether you're enjoying a morning coffee in the sunshine or unwinding with a quiet drink as the sun begins to set.
Inside, the home offers a practical and welcoming floorplan designed for comfortable family living. Two generous bedrooms are positioned at the front of the home, including a light-filled north-facing master, while a third bedroom at the rear provides flexibility as a guest room, home office or hobby space.
The spacious lounge room flows effortlessly into a large family living area, creating plenty of room for the whole family to spread out and relax. A centrally positioned fireplace adds warmth and charm throughout the cooler months, complemented by gas heating and a split system for year-round comfort.
At the heart of the home lies an updated kitchen designed with functionality in mind. Offering abundant storage, floor-to-ceiling cabinetry, a new Westinghouse upright electric stove, dishwasher, breakfast bar and even an Insinkerator waste disposal system, it's a space that will delight those who love to cook and entertain. Adjoining the kitchen is a comfortable dining area, while the beautiful rear sunroom is sure to become a favourite place to gather. Flooded with natural light and overlooking the backyard, it provides the perfect setting to read the morning paper, entertain guests or simply enjoy the garden outlook.
The family bathroom has been thoughtfully configured for accessibility, featuring a large walk-in shower complete with frameless glass screen, grab rails and a built-in seat.
Stepping outside, the beautifully established backyard offers space, privacy and productivity. Keen gardeners will appreciate the large vegetable garden, established citrus trees and two mature peach trees that produce some of the sweetest fruit you'll ever taste. The classic Hills Hoist remains ready for use, while a substantial concrete ramp provides easy access to the upper level of the yard.
Infrastructure is a standout feature of this property. Attached to the home is a huge high-clearance garage secured by a steel gate, providing excellent accommodation for vehicles, a boat or caravan. A secure workshop and wood storage area further enhances the practicality of the property. At the rear, with direct access from a wide laneway, sits an enormous approximately 5m x 9m high-clearance shed originally designed to house a motorhome. Whether utilised as-is for caravan storage or further enhanced with a concrete floor and doors, it presents outstanding potential for tradespeople, hobbyists or those needing substantial storage.
Additional features include low-maintenance vinyl cladding, aluminium windows, a Colourbond roof, a recently installed 6.6kW solar system, 23,000-litre water tank servicing the toilets, washing machine and gardens, easy-care established landscaping and convenient access beneath the home.
Perhaps the most special feature of all awaits at the top of the rear yard, where an elevated vantage point captures a breathtaking outlook across the Korumburra township and surrounding countryside. It's the perfect place to sit quietly and enjoy the spectacular sunsets that paint the South Gippsland sky.
Solid, comfortable and exceptionally well maintained, this much-loved family home has served its owners faithfully for more than six decades. Now, for the first time in a generation, it is ready for a new family to move in, create their own memories and enjoy everything this wonderful property has to offer.
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.