All About Korong Vale, Loddon, VIC, 3520
Korong Vale, located in the Shire of Loddon, Victoria, is a small and charming rural town known for its serene lifestyle and tight-knit community atmosphere. The housing market in Korong Vale is relatively modest compared to urban centers, offering lower property prices that appeal to buyers seeking affordability and tranquility. The town's homes often feature expansive land areas, providing residents with plenty of space for gardening, outdoor activities, and even small-scale farming. While the real estate market isn't as fast-paced as larger cities, the appeal lies in the sense of peace and quiet, making it an attractive destination for retirees and families wanting to escape the hustle and bustle of city life.
Living in Korong Vale is like stepping back in time, where the pace of life is slower and residents appreciate the simple pleasures of rural living. The community is vibrant and welcoming, often coming together for local events, markets, and sports, which fosters a strong sense of belonging among residents. The town is surrounded by picturesque landscapes, offering plenty of opportunities for nature enthusiasts to explore nearby parks and reserves. Basic amenities are available, although residents might need to travel to larger neighboring towns for more extensive services and shopping options. In essence, Korong Vale is ideal for those who value community spirit, natural beauty, and a tranquil lifestyle.
Household Makeup
| Median Weekly Rent | $192.00 |
| Median Monthly Mortgage | $867.00 |
| Median Persons Per bed houseroom | 0.80 |
| Average Household Size | 2.00 |
| Average Age | 58.00 |
| Average Income | $468.00 |
| Average Cars Per Dwelling | 2.11 |
| Average Properties Within 50M | 4 |
| Typical 1 bed house | $190,000 |
| Typical 2 bed house | $189,000 |
| Typical 3 bed house | $260,000 |
| Typical 4 bed house | $215,000 |
Housing Stock
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Korong Vale Real Estate Market Outlook
Thinking about buying in Korong Vale? Now could not be a better time, with just 169 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $194,000 with prices in this suburb ranging from $21,000 to $319,000. The aproximate distance to the coast is 190 Km.
Consistent high demand relative to supply is a key feature in Korong Vale 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 Korong Vale 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 Korong Vale 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. Lower than average population density constrains growth in Korong Vale 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 Korong Vale 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.
Instant Property ValuationLocal Schools
None within suburb boundary
(While the above schools are located with the suburb of Korong Vale there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Korong Vale 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 | 15.3 | 32.9 | 20.1 | 72.9 | 3.8 | 27.4 |
| Feb | 0.7 | 15.4 | 31.8 | 24.0 | 76.2 | 3.6 | 24.0 |
| Mar | 0.9 | 12.8 | 27.7 | 30.9 | 83.8 | 3.2 | 18.7 |
| Apr | 1.0 | 9.2 | 23.1 | 36.5 | 88.6 | 2.8 | 14.0 |
| May | 1.2 | 6.5 | 18.1 | 49.7 | 95.7 | 2.8 | 10.2 |
| Jun | 1.0 | 3.7 | 14.5 | 61.3 | 98.6 | 2.5 | 8.7 |
| Jul | 1.1 | 3.7 | 14.1 | 61.9 | 98.2 | 3.0 | 8.6 |
| Aug | 1.1 | 3.9 | 15.1 | 55.1 | 97.7 | 3.1 | 11.5 |
| Sept | 1.2 | 5.3 | 19.1 | 43.5 | 95.9 | 3.2 | 16.0 |
| Oct | 1.1 | 7.6 | 23.2 | 33.9 | 92.2 | 3.4 | 21.1 |
| Nov | 1.2 | 10.6 | 27.2 | 26.0 | 87.0 | 3.6 | 24.4 |
| Dec | 1.0 | 13.3 | 30.4 | 22.2 | 78.2 | 3.7 | 28.1 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Wedderburn Golf Club - Less than 10 KM
Nearby Suburbs
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