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.
Household Makeup
| Median Weekly Rent | $192.00 |
| Median Monthly Mortgage | $867.00 |
| Median Persons Per Bedroom | 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 |
Housing Stock
Average Property Prices
| 1 Bed $190,000 |
| 2 Bed $189,000 |
| 3 Bed $260,000 |
| 4 Bed $215,000 |
Korong Vale Real Estate Market Outlook
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.
Local 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
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
General Points of Interest
Wedderburn Golf Club - Less than 10 KM
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