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
For sale
For sale
4
Bedrooms
2
Bathrooms
5
Car spaces
23,100 m²
Land
Districts View
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
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.
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 Real Estate YourselfPhone 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.
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.