Suburb Profile Report for Koroit VIC (3282)

Koroit House: Median price $292,500, Annual capital growth 3.71%, Number of sales 45, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Koroit is in the bottom 30% in VIC when comparing median price capital growth over the last year. Koroit gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.63%.

The five-year average increase in median property values for Koroit,3282 has given property investors a potential capital gain of 4.46% across each of those five years.

The most recent median price for Koroit is $292500, with sellers offering an average of -5.52% off the asking price.

Situated 223.75km from the CBD, Koroit is one of Moyne localities in the postcode 3282.

Metrics i HOUSE UNIT
$292,500 N/A
-8.67% N/A
2.63% N/A
3.71% N/A
$320 N/A
45 N/A
5.69% N/A
93.04 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1957
Median household income ($/weekly) 1086
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 279 14.3
    25-34 years 186 9.5
    35-44 years 265 13.5
    45-54 years 303 15.5
    55-64 years 260 13.3
    Others 664 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 779 54.9
    Not Married 488 34.4
    Defacto Relationship 152 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1765 94.0
    New Zealand 10 0.5
    Papua New Guinea 17 0.9
    Philippines 7 0.4
    United Kingdom 51 2.7
    Others 28 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1416 77.3
    No Religion 400 21.8
    Buddhism 12 0.7
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 85 13.1
    $600-$799 71 11.0
    $1,000-$1,249 79 12.2
    $1,500-$1,999 80 12.3
    $2,000-$2,499 66 10.2
    Others 267 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 539 36.0
    Not in the labour force 484 32.4
    Employed, worked part-time 371 24.8
    Employed, away from work 56 3.7
    Unemployed, looking for work 46 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 127 13.1
    Professionals 154 15.9
    Technicians & trades workers 149 15.4
    Clerical & administrative workers 105 10.9
    Labourers 143 14.8
    Others 289 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 38 8.3
    Infants/Primary 170 37.0
    Secondary 152 33.0
    Technical or Further Educational Institution 42 9.1
    University or other Tertiary Institutions 46 10.0
    Others 12 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1789 97.2
    Semi-detached, row or terrace house, townhouse 33 1.8
    House or flat attached to a shop, office 12 0.7
    Flat, unit or apartment 3 0.2
    Caravan, cabin, houseboat 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 288 41.2
    Fully owned 275 39.3
    Rented 131 18.7
    Other tenure type 5 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals