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VIC › Korumburra › Wallaces Rd

71 Wallaces Rd, Korumburra VIC 3950

For saleHouse for Sale

For sale

For sale

4

Bedrooms

2

Bathrooms

5

Car spaces

23,100 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

This is on the market — is it worth your time?

Why this ask?

  • FactListed for sale — no asking price recorded(Listing record · 6 Apr 2026)
  • CalculationLand 23,100 m² against a 255 m² dwelling — the land is most of what is being bought.(Districts calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

The ask against the evidence

Asking

No recorded sale price for this property yet.

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 →

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. Listedprice unknownavailable6 Apr 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 Real Estate Yourself

A six acre lifestyle with sweeping views, mature gardens, and gorgeous modern comfortable home

Phone Enquiry Property ID: 2822 (Quote when calling or texting)

Perched in an elevated position with uninterrupted views sweeping across rolling green farmland to Wilsons Promontory and the shimmering Bass Coast beyond, this is a place where mornings feel like paintings and evenings slow to something worth savouring. The kind of view that never grows ordinary because it changes with every season, every weather front, every golden hour.

South Gippsland is one of Victoria's best-kept secrets a region of ancient national parks, wild ocean beaches, world-class cool-climate wines, and creative country towns that quietly punch above their weight. Wilsons Promontory National Park sits practically on the doorstep, the surf beaches and cafe culture of Inverloch are just 20 minutes away, and the towns of Korumburra and Leongatha provide everything you need on either side. Genuinely connected, yet gloriously removed, the rhythm so many dream of, simply becoming your everyday life at 71 Wallaces Road.

Read the full description

Built in 2006, the brick residence has been loved and lived in with real care and it shows. Solid, warm, and thoughtfully designed, the home offers high ceilings, three bedrooms, a large multipurpose room or rumpus, a dedicated office that serves as a fourth bedroom, and three distinct living zones that adapt naturally to whatever life demands of them.

Step inside and the open-plan living area draws you immediately toward the light and beyond it, those views. A gas log fire anchors the heart of the room, casting warmth across the space as afternoon turns to evening. A secondary living room with a wood fire offers a quieter retreat, somewhere to settle in with a book when the world outside is wild and wintry. Ceiling fans, split-system heating and cooling, and high-efficiency insulation ensure the home breathes comfortably through every season.

The kitchen is generous and considered premium finishes, a large pantry, and extensive bench space that flows naturally into a breakfast bar. It is a kitchen designed for slow Sunday mornings and long dinner parties alike.

The master bedroom is a private sanctuary, elevated and light-filled, with an ensuite, large built in robe and those ever-present views to wake up to each morning. The wraparound verandah, meanwhile, is perhaps the home's greatest luxury, the perfect place to pour a glass of local Gippsland wine and simply watch the light move across the hills toward the Promontory.

Approximately 2.31 hectares, six gently rolling acres, is divided into three well-fenced paddocks ready for horses, a small flock, or the slow pleasure of a hobby farm brought to life on your own terms. There is enough here to feel purposeful without becoming overwhelming.

An 8 by 12 metre powered garage offers serious capacity for the workshop enthusiast, the collector, or anyone who simply needs room to think and create. A generator connection point adds quiet resilience, a practical touch that speaks to the thoughtfulness woven throughout this property.

Water security, so vital in rural living, is handled with genuine abundance. Three tanks hold a combined capacity of approximately 98,000 litres, comprising two 44,000-litre tanks and an additional 10,000-litre tank, supporting the household, the gardens, and any livestock with ease.

And the gardens. The gardens deserve their own chapter.

Years of patient, passionate cultivation have created something that simply cannot be bought or hurried a living landscape of mature cottage-style plantings that shift and bloom through every season. Roses tumble beside flowering cherries. Maples turn brilliant reds come autumn. Olive and fruit trees stand quietly generous. Spring bulbs push through the soil each year in a small, reliable miracle. Drought-resilient shade trees offer shelter and scale.

A fully irrigated vegetable garden overflows with produce, the kind of kitchen garden that makes you rethink how you eat and where your food comes from. And through it all, the birds live there: honeyeaters, king parrots, the rustle of something unseen in the understory. A garden alive in every sense.

For those ready to stop imagining and start living this is where that life begins.

Listing description written by Real Estate Yourself, Real Estate Yourself — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Gas Heating
  • Grey Water System
  • Living Areas: 3
  • Reverse Cycle Aircon
  • Rumpus Room
  • Shed
  • Study
  • Toilets: 2
  • Water Tank
  • Workshop
Districts

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

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