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 › Victoria St
$420,000–$450,000
For sale
Asking range
2
Bedrooms
1
Bathrooms
1
Car spaces
217.9 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
$420,000–$450,000
Asking range · $1,927/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Korumburra (last 5 years) with land size have a median of $705/m² of land (n=126). 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
-29.9%
Median sale
Suburb $599,500
+1.65 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.
$25,057 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 5.5%. 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 SolutionsPerfectly positioned in what is arguably one of Korumburra’s best located blocks of units, 2/21 Victoria Street offers the kind of easy, low-maintenance lifestyle that is becoming increasingly hard to find.
Exceptionally well built by a respected local builder and clearly made to stand the test of time, this beautifully maintained two-bedroom unit sits within a quiet and tightly held complex just moments from Korumburra’s main shopping strip. Shops, cafés, medical facilities and everyday amenities are all within an easy walk, making this an ideal opportunity for those looking to downsize without compromising on convenience.
A covered front porch welcomes you inside to a surprisingly spacious lounge, flowing through to the kitchen and dining area. The solid timber kitchen remains in fantastic condition and offers excellent storage, including a generous corner pantry, along with a recently updated oven.
Both bedrooms are a great size and include built-in robes, while the central bathroom features a corner shower, bath and separate toilet. A large laundry provides further practicality and storage.
Outside, the private rear yard is refreshingly easy to maintain, with established gardens and a concreted entertaining area providing enough space to sit outside and enjoy the sunshine without spending your weekends looking after the garden.
A single remote garage provides secure parking with additional space at the front for a second vehicle, although in a position this convenient, you may find yourself leaving the car at home more often than not.
Adding further appeal, there is no traditional body corporate, with the owners simply sharing the cost of the building insurance between themselves. The complex itself has a lovely, friendly atmosphere, with quiet neighbours who look out for one another and contribute to the genuine sense of community.
Neat, comfortable and ready to move straight into, this is a rare opportunity to secure a quality-built unit in an outstanding central position. Sell the car, enjoy an easier pace of life and have everything Korumburra has to offer right at your doorstep.
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.
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