Thinking about buying in Koroit? Now could not be a better time, with 1256 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $639,000 with prices in this suburb ranging from $128,000 to $4,739,000. Koroit is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $285.00 |
| Median Monthly Mortgage | $1335.75 |
| Median Persons Per Bedroom | 0.78 |
| Average Household Size | 2.75 |
| Average Age | 41.25 |
| Average Income | $734.00 |
| Average Cars Per Dwelling | 1.85 |
| Average Properties Within 50M | 6 |
Housing Stock
Average Property Prices
| 1 Bed $392,000 |
| 2 Bed $468,000 |
| 3 Bed $673,000 |
| 4 Bed $799,000 |
| 5 Bed $1,004,000 |
| 6 Bed+$1,602,000 |
Koroit Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Koroit driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Koroit due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Koroit provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Koroit to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Koroit 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.
Houses for sale Koroit
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11 bourke av, koroit, vic, 3282 |  3 |
 1 |
 1 |
440000 |
Local Schools
St Patrick's School
Koroit And District Primary School
(While the above schools are located with the suburb of Koroit there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Koroit weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.1 | 11.8 | 25.0 | 45.8 | 92.2 | 5.3 | 24.9 |
| Feb | 1.2 | 12.6 | 24.6 | 49.2 | 93.0 | 5.2 | 20.5 |
| Mar | 1.7 | 11.2 | 22.9 | 50.9 | 94.1 | 5 | 15.7 |
| Apr | 2.0 | 9.4 | 19.9 | 54.6 | 95.0 | 4.8 | 11.5 |
| May | 2.7 | 7.6 | 16.3 | 64.8 | 95.8 | 5.1 | 8.4 |
| Jun | 2.7 | 5.6 | 13.9 | 71.4 | 97.4 | 5.1 | 7.2 |
| Jul | 3.0 | 5.6 | 13.4 | 71.5 | 97.3 | 5.9 | 7.3 |
| Aug | 2.8 | 5.8 | 14.2 | 65.1 | 95.8 | 5.9 | 10.1 |
| Sept | 2.7 | 6.9 | 16.2 | 62.0 | 96.5 | 5.8 | 14.2 |
| Oct | 2.2 | 7.8 | 18.4 | 58.8 | 95.6 | 5.4 | 18.9 |
| Nov | 1.5 | 9.2 | 20.4 | 54.2 | 94.8 | 5.4 | 21.8 |
| Dec | 1.6 | 10.6 | 22.6 | 50.7 | 94.3 | 5.4 | 25.4 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Sherwood Park - Greater then 10KM
General Points of Interest
Koroit Bowls Club - Less than 5 KM
Former Koroit Station - Less than 2 KM
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