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 › Wallaces Rd
$1,230,000
Last sold
8 July 2026
3
Bedrooms
2
Bathrooms
4
Car spaces
9,902 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
$1,230,000
8 July 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
+105.2%
Median sale
Suburb $599,500
-1.98 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.
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 SolutionsSet high atop the rolling green hills of Korumburra South, where the world seems to stretch endlessly before you, ‘Thisldoo’ is the kind of property that stops you in your tracks.
Privately positioned at the end of a stunning pear tree-lined driveway on a peaceful no-through road just minutes from the Korumburra township, this remarkable lifestyle property captures some of the most breathtaking views South Gippsland has to offer. From the sparkling waters surrounding Wilsons Promontory to the sweeping Foster hills and beyond, the ever-changing panoramic outlook is nothing short of spectacular.
Lovingly cared for and meticulously improved by the same fastidious owners for the past 15 years, the home itself has been beautifully maintained and thoughtfully updated over time, creating a warm and inviting family haven that feels instantly welcoming from the moment you arrive.
Stepping inside through the sheltered entry, you are greeted by a beautiful formal sitting room positioned perfectly to soak in the surrounding scenery. The expansive floorplan has been designed with both comfort and practicality in mind, offering multiple living zones for growing families or those simply wanting space to spread out and relax.
At the heart of the home lies a beautifully updated kitchen complete with quality appliances including a Bosch dishwasher, Fagor oven, induction cooktop and silent rangehood, all perfectly positioned to take in the magnificent outlook from the kitchen window. Flowing effortlessly from here is the central family and meals area, while a separate rear rumpus room with cosy fireplace creates the perfect retreat through the cooler months.
The true centrepiece of the home, however, is the magnificent sunroom. Wrapped in floor-to-ceiling glass and perfectly framing the uninterrupted 180-degree views, this incredible space has been designed to be enjoyed year-round. Whether it’s curling up with a book while thunderstorms roll across the hills, entertaining family and friends long into the evening, or simply watching the landscape change with the seasons, it is a space that will leave a lasting impression on everyone who visits. Complete with insulated roof panels, radiant heaters and ceiling fans, comfort has been carefully considered in every season.
The oversized master suite offers a peaceful retreat of its own, featuring a spacious walk-in robe and beautifully appointed ensuite with double vanity, large shower and heated towel rail. Two additional bedrooms with built-in robes are positioned privately at the rear of the home and are serviced by an immaculate central family bathroom.
Outside, the property continues to impress. Established native gardens surround the home, creating a serene, low-maintenance setting that perfectly complements the natural landscape, while a sheltered alfresco area provides yet another place to unwind and take in the peaceful surrounds.
For those dreaming of hobby farming or a more self-sufficient lifestyle, the acreage is exceptionally well set up with well-maintained fencing, multiple paddocks, shelter, holding yards and two stables already in place. A substantial 7m x 9m machinery shed with concrete floor and power, separate 3m x 3m workshop, additional garden shed and raised vegetable beds complete the package, as well as 92,000L of water storage.
Additional features include double glazed windows throughout much of the home, a solar panel system to offset your bills, electric roller shutters, recently installed premium wool carpet and underlay, double remote garage with covered access and the option for the property to be purchased partly or fully furnished for those seeking the ultimate country weekender escape.
A property filled with warmth, care and unforgettable views, ‘Thisldoo’ is more than just a home — it is a lifestyle to be experienced.
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.