Korumburra, VIC 3950 is a growing suburb with a population of 4749 residents. The age distribution shows a good mix of young families and older individuals, with a range of occupations represented in the community. The suburb offers a median household income slightly above the national average, and a low social housing ratio. A notable percentage of residents choose to work from home, indicating a potential demand for home office spaces. For Houses, Korumburra presents an opportunity for renovators with a high sale price IQR ratio suggesting potential for property improvement. The market absorption rate indicates balanced demand, with slight growth in prices over a 5-year period. The suburb boasts good rental yields and a low vacancy rate. For Units, the suburb has a low stock on market rate, indicating limited supply, and a substantial portion of rented units, suggesting a strong demand for rental properties. Korumburra, VIC 3950 offers a diverse community with steady population growth and a mix of age groups. The suburb provides investment potential, particularly for those interested in renovating Houses or entering the rental market with Units. With balanced demand and growth prospects, Korumburra presents opportunities for both homeowners and property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022