Korumburra

An assessment of population growth drivers in Korumburra reveals an overall ranking slightly below national averages considering recent, and medium term trends

As of Nov 2025, Korumburra's population is estimated at around 4,912, reflecting a growth of 163 people since the 2021 Census. This increase corresponds to a growth rate of approximately 3.4%. The estimated resident population (ERP) for Korumburra was 4,843 as of June 2024, according to AreaSearch's analysis of ABS data releases. Since the Census date, an additional 113 validated new addresses have been identified in Korumburra. The current population density is around 81 persons per square kilometer, indicating ample space for further development. Korumburra's growth rate since the census (3.4%) is within 2.6 percentage points of the non-metro area's growth rate (6.0%), suggesting competitive growth fundamentals for the suburb.

Interstate migration contributed approximately 50% of Korumburra's population gains during recent periods, with all drivers including overseas migration and natural growth being positive factors. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch employs the VIC State Government's Regional/LGA projections from 2023, adjusting them using weighted aggregation methods to SA2 levels. Future population trends indicate an overall decline by 2041, with Korumburra's population projected to decrease by 312 persons. However, specific age cohorts are expected to grow, notably the 25 to 34 age group, which is projected to increase by 85 people over this period.

AreaSearch analysis of residential development drivers sees Korumburra recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, indicates Korumburra has experienced approximately 20 dwellings receiving development approval annually. Around 100 homes were approved over the past five financial years, from FY-21 to FY-25, with a further nine approved so far in FY-26. Each dwelling built over this period attracted an average of two new residents per year, suggesting healthy demand which should support property values.

New homes are being constructed at an average expected cost of $411,000, aligning with regional patterns. This financial year has seen $1.1 million in commercial development approvals recorded, indicating minimal commercial development activity in Korumburra. Compared to the Rest of Vic., Korumburra shows significantly reduced construction levels, with 64.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established dwellings.

Recent building activity has consisted entirely of detached houses, preserving the area's low-density nature and attracting space-seeking buyers. Korumburra reflects a low-density area, with around 205 people per approval. Given stable or declining population forecasts, Korumburra may experience less housing pressure in the future, creating favourable conditions for buyers.

Korumburra has emerging levels of nearby infrastructure activity, ranking in the 35thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified seven projects likely impacting the area. Key projects include Korumburra Railway Precinct Redevelopment, Botanica Estate Korumburra, Korumburra Streetscape, and Michael's IGA Supermarket Korumburra. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The employment landscape in Korumburra presents a mixed picture: unemployment remains low at 3.5%, yet recent job losses have affected its comparative national standing

Korumburra has a balanced workforce with both white and blue collar jobs. Manufacturing and industrial sectors are strongly represented.

The unemployment rate is 3.5%, as per AreaSearch's aggregation of statistical area data. As of June 2025, there are 2,186 residents employed, which is 0.3% lower than Rest of Vic.'s rate of 3.8%. Workforce participation is somewhat lower at 53.3%, compared to Rest of Vic.'s 57.4%. Employment is concentrated in health care & social assistance, construction, and retail trade.

Manufacturing has a significant presence with an employment share 1.4 times the regional level. Public administration & safety has limited presence at 3.5% compared to the regional average of 6.5%. The area may offer limited local employment opportunities based on Census data comparison of working population versus resident population. Over the 12-month period ending Sep-22, labour force decreased by 0.7%, and employment declined by 0.8%, causing unemployment rate to rise by 0.1 percentage points. This compares to Rest of Vic., where employment fell by 0.9%, labour force contracted by 0.4%, and unemployment rose by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts, released in Sep-22, suggest that national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Korumburra's employment mix indicates local employment should increase by 6.1% over five years and 13.0% over ten years.

Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis

AreaSearch's latest postcode level ATO data released for financial year 2022 shows Korumburra's median income among taxpayers is $40,804, with an average of $49,973. This is below the national average and compares to Rest of Vic.'s median of $48,741 and average of $60,693. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates for Korumburra's median income would be approximately $45,766 and average income $56,050 as of September 2025. Census 2021 income data shows household, family and personal incomes in Korumburra all fall between the 11th and 13th percentiles nationally. Income analysis reveals the $800 - 1,499 earnings band captures 28.2% of Korumburra's community (1,385 individuals), differing from regional levels where the $1,500 - 2,999 category predominates at 30.3%. After housing costs, 86.0% of income remains in Korumburra, ranking at only the 14th percentile nationally.

Korumburra is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

In Korumburra, evaluated at the latest Census held on 28 August 2016, dwelling structures comprised 91.1% houses and 9.0% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. This is compared to Non-Metro Vic., which had 93.3% houses and 6.7% other dwellings. Home ownership in Korumburra stood at 43.4%, with mortgaged dwellings at 36.5% and rented dwellings at 20.2%. The median monthly mortgage repayment was $1,300, lower than Non-Metro Vic.'s average of $1,450. The median weekly rent figure in Korumburra was recorded at $270, compared to Non-Metro Vic.'s $295. Nationally, Korumburra's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were substantially below the national figure of $375.

Korumburra features high concentrations of lone person households, with a fairly typical median household size

Family households account for 66.2% of all households, including 24.8% couples with children, 29.0% couples without children, and 11.3% single parent families. Non-family households make up the remaining 33.8%, with lone person households at 31.1% and group households comprising 2.6% of the total. The median household size is 2.3 people, which matches the average for the Rest of Vic.

Educational outcomes in Korumburra fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area's university qualification rate is 15.3%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 10.3%, followed by graduate diplomas (2.6%) and postgraduate qualifications (2.4%). Vocational credentials are prevalent, with 40.0% of residents aged 15+ holding them, including advanced diplomas (11.0%) and certificates (29.0%). Educational participation is high at 25.4%, comprising 8.6% in primary, 8.0% in secondary, and 2.2% in tertiary education.

Korumburra's three schools have a combined enrollment of 851 students, serving typical Australian school conditions with balanced educational opportunities (ICSEA: 987). The area has two primary and one secondary school, with capacity exceeding residential needs at 17.3 places per 100 residents compared to the regional average of 12.9, indicating it serves as an educational hub for the broader region.

Transport servicing is very low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Transport analysis shows seven active stops operating in Korumburra, with a mix of buses serving these locations. Four routes service these stops, providing seventy-six weekly passenger trips collectively. Transport accessibility is rated moderate, with residents typically located four hundred forty-three meters from the nearest stop.

Service frequency averages ten trips per day across all routes, equating to approximately ten weekly trips per individual stop.

Health performance in Korumburra is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Health data indicates significant health challenges in Korumburra, with notable prevalence of common conditions across both younger and older age groups. Private health cover is low at approximately 47% of the total population (~2,293 people), compared to the national average of 55.3%.

The most prevalent medical conditions are arthritis (10.8%) and mental health issues (10.3%), with 59.4% reporting no medical ailments, slightly lower than the Rest of Vic.'s 61.6%. Korumburra has 27.4% residents aged 65 and over (1,345 people), compared to Rest of Vic.'s 28.6%. Health outcomes among seniors present some challenges but perform better than the general population in health metrics.

Korumburra is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Korumburra had below average cultural diversity, with 87.8% born in Australia, 91.8% being citizens, and 95.2% speaking English only at home. Christianity was the main religion, comprising 43.6%. Judaism, at 0.1%, was slightly overrepresented compared to Rest of Vic's 0.1%.

Top ancestry groups were Australian (32.1%), English (32.1%), and Scottish (8.6%). Dutch (2.2%) was notably overrepresented versus regional figure of 2.5%. Hungarian (0.3%) and Welsh (0.6%) also showed higher representation than regionally recorded 0.2% and 0.5%, respectively.

Korumburra hosts an older demographic, ranking in the top quartile nationwide

Korumburra's median age is 47 years, significantly higher than the Rest of Vic average of 43 and substantially exceeding the national average of 38 years. The age profile shows that those aged 65-74 make up a prominent 14.4%, while the 5-14 group is comparatively smaller at 10.6%. This concentration of 65-74 year-olds is well above the national average of 9.4%. Between 2021 and present, the 35 to 44 age group has grown from 9.6% to 11.2%, while the 45 to 54 cohort has declined from 12.2% to 10.7% and the 55 to 64 group has dropped from 14.4% to 13.3%. By 2041, Korumburra's age composition is expected to shift notably. The 85+ group is projected to grow by 39%, reaching 274 people from 196. Meanwhile, the 75-84 and 0-4 cohorts are expected to experience population declines.