Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Korumburra › Wallaces Rd

69 Wallaces Rd, Korumburra VIC 3950

House

$1,230,000

Last sold

8 July 2026

3

Bedrooms

2

Bathrooms

4

Car spaces

9,902 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,230,000 (8 July 2026).(Recorded sale)
  • FactLand 9,902 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Korumburra (last 5 years) with land size: median $707/m² of land (n=125). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

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.

See the full Korumburra report →

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 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. Sold$1,230,0008 July 2026
  2. Listedprice unknowncompleted26 May 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

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

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 Wallaces Rd →

Listing material

Listed by Area Specialist Solutions

The Brief: ‘Thisldoo’ – A Private Hilltop Sanctuary With Views Beyond Compare

Set 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.

Read the full description

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.

Property features

  • Air Conditioning
  • Alarm System
  • Broadband
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Shed
  • Water Tank
  • Workshop
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.