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, the population of the Korumburra statistical area (Lv2) is estimated at around 4929 people. This reflects an increase since the 2021 Census, which reported a population of 4749 people. The change is inferred from AreaSearch's estimate of the resident population being 4837 in June 2024, based on examination of the latest ERP data release by the ABS, and an additional 113 validated new addresses since the Census date. This level of population equates to a density ratio of 82 persons per square kilometer. Population growth was primarily driven by interstate migration contributing approximately 50% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusted employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Projections indicate a decline in overall population over this period, with the area's population expected to contract by 307 persons by 2041. However, growth is anticipated in specific age cohorts, led by the 25 to 34 age group, projected to increase by 87 people.

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

Korumburra has had approximately 22 dwelling approvals annually based on AreaSearch analysis using ABS statistical area data. Between financial years FY-21 to FY-25, around 112 homes were approved, with a further 13 approved in FY-26. Over the past five financial years, an average of 1.8 people moved to Korumburra for each dwelling built. However, this has moderated to 0.4 people per dwelling over the past two financial years.

The average construction value for new properties is $411,000. Commercial development approvals totalled $701,000 in FY-26, indicating minimal commercial activity. Compared to the Rest of Vic., Korumburra has 60.0% less construction per person. Recent building activity consists solely of detached houses, maintaining Korumburra's low density character and attracting space-seeking buyers.

The population stands at around 193 people per approval. Given stable or declining population forecasts, housing pressure may remain relatively low in Korumburra, benefiting buyers.

Korumburra has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified seven projects that could impact this region. Notable 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.

AreaSearch analysis indicates Korumburra maintains employment conditions that align with national benchmarks

Korumburra has a balanced workforce with equal representation of white and blue collar jobs. The manufacturing and industrial sectors are prominent, contributing significantly to its low unemployment rate of 3.3%.

Over the past year, ending September 2025, employment grew by 4.6%, while the unemployment rate was 0.4% lower than Rest of Vic.'s rate of 3.8%. Workforce participation in Korumburra is slightly below average at 53.3%. The leading industries for residents are health care & social assistance, construction, and retail trade. Manufacturing stands out with an employment share 1.4 times the regional level.

Conversely, public administration & safety has a limited presence with only 3.5% of jobs compared to the regional average of 6.5%. Employment opportunities may be limited locally as indicated by Census data comparing working population to resident population. In the wider area over the past year, employment increased by 4.6% while labour force grew by 3.9%, reducing unemployment by 0.6 percentage points. Meanwhile, Rest of Vic. saw employment and labour force decline slightly with a marginal rise in unemployment. State-level data as of 25-Nov shows Victoria's employment grew by 1.13% year-on-year, with an unemployment rate of 4.7%. National projections from Jobs and Skills Australia indicate total employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Korumburra's employment mix suggests local jobs should increase by 6.1% over five years and 13.0% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows Korumburra's median income among taxpayers is $40,804. The average income in the suburb is $49,973. Both figures are below the national average. Rest of Vic.'s median income is $50,954 and average is $62,728. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Korumburra's median and average incomes are approximately $44,170 and $54,096 respectively as of September 2025. Census 2021 income data indicates household, family and personal incomes in Korumburra fall between the 11th and 13th percentiles nationally. Income analysis reveals that 28.2% of Korumburra's community earns between $800 - 1499 (1389 individuals), differing from regional levels where earnings predominantly fall within the $1500 - $2999 category at 30.3%. After housing costs, 86.0% of income remains in Korumburra, ranking at 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, as per the latest Census evaluation, 91.1% of dwellings were houses, with the remaining 9.0% being semi-detached, apartments, or other types. 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 ones at 20.2%. The median monthly mortgage repayment was $1,300, significantly lower than Non-Metro Vic.'s average of $1,450. The median weekly rent in Korumburra was $270, compared to Non-Metro Vic.'s $295. Nationally, Korumburra's mortgage repayments were considerably lower at $1,300 versus the Australian average of $1,863, and 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 comprise 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 account for the remaining 33.8%, with lone person households at 31.1% and group households making up 2.6%. 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 most common at 10.3%, followed by graduate diplomas (2.6%) and postgraduate qualifications (2.4%). Vocational credentials are held by 40.0% of residents aged 15+, with advanced diplomas at 11.0% and certificates at 29.0%. Educational participation is high, with 25.4% currently enrolled in formal education.

This includes 8.6% in primary, 8.0% in secondary, and 2.2% in tertiary education.

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

Korumburra has seven active public transport stops, all of which are bus stops. These stops are served by two different routes that together offer 44 weekly passenger trips. The accessibility of these services is rated as moderate, with residents typically living 443 meters away from the nearest stop.

On average, there are six trips per day across all routes, which equates to roughly six 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

Korumburra faces significant health challenges, as indicated by health data. Both younger and older age groups have notable prevalence of common health conditions.

Private health cover is extremely low, with approximately 47% of Korumburra's total population (~2,301 people) having it, compared to the national average of 55.7%. The most prevalent medical conditions are arthritis (10.8%) and mental health issues (10.3%). About 59.4% of residents report no medical ailments, compared to 61.6% in Rest of Vic.. Korumburra has 27.5% of residents aged 65 and over (1,355 people), lower than the 28.6% in Rest of Vic.. Health outcomes among seniors present 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 has a lower than average cultural diversity, with 87.8% of its population born in Australia, 91.8% being citizens, and 95.2% speaking English only at home. Christianity is the predominant religion in Korumburra, comprising 43.6% of the population. While Judaism makes up only 0.1% of Korumburra's population, this is similar to the regional average of 0.1%.

The top three ancestry groups are Australian (32.1%), English (32.1%), and Scottish (8.6%). Notably, Dutch, Hungarian, and Welsh ethnicities have higher representation in Korumburra compared to the regional averages: Dutch at 2.2% vs 2.5%, Hungarian at 0.3% vs 0.2%, and Welsh at 0.6% vs 0.5%.

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

Korumburra's median age is 47 years, which is significantly higher than the Rest of Vic. average of 43 years and exceeds the national average of 38 years. The age profile shows that those aged 65-74 years are particularly prominent, making up 14.4% of Korumburra's population compared to the Rest of Vic.'s average of 9.4%. Conversely, the 5-14 year-old group comprises only 10.6%, which is smaller than the Rest of Vic. average. Between 2021 and present, the percentage of Korumburra residents aged 35-44 has increased from 9.6% to 11.2%. Meanwhile, the percentages for those aged 45-54 have decreased from 12.2% to 10.7%, and for those aged 55-64, it 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%, increasing from 197 people to 274. However, the 75-84 and 0-4 age cohorts are expected to experience population declines.