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3 Hyman Street,
Korumburra VIC 3950

This property is Off Market

All about Korumburra Homes for sale in Korumburra

The Average property price in this area is $781,421, this is based on recent transactions.
Internet speed Download 100 Mbps / Upload 40 Mbps
Distance to the coast 22.56 km
Potential bushfire risk 0 / 10
Report as to subsidence
Powerlines within 200m 0

Street view

Drive times

School Catchments

Property For Sale Nearby

Elders UNIT 2, 37 PRINCES ST, NEW PRICE $498,000 3 Beds - 2 Baths - 1 Parking Within 0.3 km At Realty 19 LOWER GORDON ST, $695,000 4 Beds - 2 Baths - 2 Parking Within 0.4 km Elders 27 RIFLEBUTTS RD, $650,000 3 Beds - 2 Baths - 2 Parking Within 0.6 km Elders 24 VICTORIA ST, $600,000 3 Beds - 1 Baths - 2 Parking Within 0.8 km At Realty 27 STATION ST, Contact Agent 4 Beds - 1 Baths - 0 Parking Within 0.9 km At Realty 4 HILLSIDE CT, $449,000 3 Beds - 1 Baths - 0 Parking Within 1.1 km Elders 95 ISABELLA BVD, $275,000 Beds - Baths - Parking Within 1.2 km Elders 5 KARMAI CT, New Price $360,000 2 Beds - 1 Baths - 1 Parking Within 1.2 km Elders 4 KARMAI CT, New Price $360,000 2 Beds - 1 Baths - 1 Parking Within 1.2 km Harcourts 6 ABBY RD, $179,000 Beds - Baths - Parking Within 1.3 km Elders 26 BENA RD, $900,000 4 Beds - 2 Baths - 4 Parking Within 1.4 km At Realty 8604 SOUTH GIPPSLAND HWY, $550,000 3 Beds - 1 Baths - 0 Parking Within 1.8 km

Recently Sold Properties in this Area

About Korumburra

With an average age of 49, households expect an average monthly mortgage payment of $962 or a weekly rent payment of $250. The average family earns a weekly income of $1,312 with a typical household size of 2 and a 92.17% employment rate.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Korumburra due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Korumburra changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Korumburra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Korumburra the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Public Transport

Warragul

Longwarry

Leongatha

Trafalgar

Yarragon

Bunyip

Drouin

General Points of Interest

Korumburra War Memorial golf

Korumburra Golf Course sport

Korumburra Outdoor Pool sport

Korumburra Bowls Club

Population

(Country of Birth not stated 10%)

Are people healthy?

There are a recorded 1411 asthma sufferers and 392 people living with diabetes. In addition, 502 people have a heart/vascular condition and 1137 people live with three or more chronic diseases.

A good place to invest in property?

Korumburra a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Victoria State average 44 / 100

Income

38 / 100

52 / 100

Industry

04 / 100

17 / 100

Population

26 / 100

32 / 100

House Prices

70 / 100

Jobs

26 / 100

34 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

School Catchments

Korumburra Secondary College Korumburra Primary School
Leongatha Secondary College
Leongatha, VIC, 3953 State 7-12
South Gippsland Specialist School
Leongatha, VIC, 3953 State U
Poowong Consolidated School
Poowong, VIC, 3988 State Prep-6
Mary MacKillop Catholic Regional College
Leongatha, VIC, 3953 Independent 7-12
Leongatha Primary School
Leongatha, VIC, 3953 State Prep-6

Property Story

3 Hyman Street, Korumburra, Vic, 3950 is a residential property . The estimated distance to the sea is 22.56km and 0.41KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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134 Acme Avenue Street, Town, State

Description - Details the application. Type and other information pertaining to the development application and more...

Authority Reference: UX0909823-GOV Website

The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

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