Suburb Profile Report for Koroit VIC (3282)

Koroit House: Median price $288,000, Annual capital growth 2.42%, Number of sales 26, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Koroit, 3282 have given investors a capital gain of -10.07%. This compares very badly with the 11.63% for VIC as a whole.

If we look at median property appreciation over just the last three months, Koroit has given property investors a paper return of 0.52%. This puts Suburb as 522 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Koroit 3282 should be seeing an average reduction in asking price of around -4.76% . This means that Koroit is holding prices well when compared to other suburbs in VIC.

In the last year 26 properties changed hands in Koroit, which puts it as the 557th most active market in VIC when comparing the number of sales per suburb.

Situated 234.16km from the CBD, Koroit is one of Moyne localities in the postcode 3282.

Metrics i HOUSE UNIT
$288,000 N/A
0.52% N/A
-10.07% N/A
2.42% N/A
$300 N/A
26 N/A
5.42% N/A
79.83 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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