Korumburra
Statistical Area - sa2

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

Korumburra's population, as per AreaSearch's analysis, is approximately 10,063 people by August 2025. This figure represents an increase of 221 individuals, a 2.2% rise from the 9,842 people recorded in the 2021 Census. This change is inferred from the estimated resident population of 9,971 in June 2024 and the addition of 179 validated new addresses since the Census date. The population density is around 16.8 persons per square kilometer, indicating ample space per person. Interstate migration contributed significantly to this growth, accounting for approximately 49.5% of overall population gains in recent periods.

Other factors such as overseas migration and natural growth also played positive roles. AreaSearch employs 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 uses the VIC State Government's Regional/LGA projections from 2023, adjusting them using a weighted aggregation method from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. According to these projections, Korumburra's population is expected to decline by 753 persons by 2041, with an anticipated growth of 168 people in the 25 to 34 age group.

Residential development activity is slightly higher than average within Korumburra when compared nationally

Korumburra granted approximately 51 residential properties approval each year. The Australian Bureau of Statistics produces development approval data on a financial year basis, indicating 258 homes approved over the past five years from FY-21 to FY-25, with an additional three approved so far in FY-26. On average, around 1.5 new residents arrived per newly built home each year between FY-21 and FY-25, suggesting a balanced supply-demand ratio, though this has moderated to 0.7 people per dwelling over the past two years. New homes are constructed at an average cost of $411,000, aligning with broader regional development trends. This financial year, Korumburra recorded approximately $3.4 million in commercial development approvals, reflecting its primarily residential nature.

Compared to the rest of Victoria, Korumburra shows significantly reduced construction activity, with 55.0% fewer approvals per person. The limited new supply generally supports stronger demand and values for established dwellings. New developments consist mainly of detached houses (92.0%) with a smaller proportion of medium and high-density housing (8.0%), preserving the area's low density character and attracting space-seeking buyers. Korumburra has around 249 people per dwelling approval, further indicating its low-density nature.

With population growth expected to remain stable or decline, Korumburra is likely to face reduced pressure on housing, potentially presenting buying opportunities.

Korumburra has emerging levels of nearby infrastructure activity, ranking in the 34thth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified 12 projects likely impacting the area. Notable ones are Botanica Estate Korumburra, Korumburra Railway Precinct Redevelopment, Daisybank Estate Korumburra, and Korumburra Streetscape, with the following list detailing those most relevant.

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

Employment performance in Korumburra exceeds national averages across key labour market indicators

Korumburra's workforce is balanced across white and blue-collar jobs. The construction sector has notable representation, with an unemployment rate of 2.7% as of June 2025.

There are 4,988 employed residents, with a jobless rate at 1.1% below the Rest of Vic.'s 3.8%. Workforce participation is similar to the regional level at 57.4%. Major industries include health care & social assistance, agriculture, forestry & fishing, and construction. Agriculture, forestry & fishing stands out with an employment share 1.8 times higher than the regional average.

Public administration & safety, however, is less represented at 3.3% compared to Rest of Vic.'s 6.5%. Over the year to June 2025, labour force levels decreased by 0.8%, while employment fell by 0.9%, causing unemployment to rise slightly. In contrast, Rest of Vic.'s employment contracted more but with a smaller labour force decrease and higher unemployment increase. State-level data from Sep-25 shows VIC employment grew by 1.08% year-on-year, with an unemployment rate of 4.7%. National forecasts suggest total employment growth of 6.6% over five years and 13.7% over ten years, but local projections based on Korumburra's industry mix estimate a more modest increase of approximately 5.7%% over five years and 12.4% over ten years.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2022 shows that Korumburra has a median income of $45,412 and an average income of $55,617. This is lower than the national averages of $48,741 (median) and $60,693 (average) for Rest of Vic. By March 2025, adjusting for Wage Price Index growth of 10.11%, median income in Korumburra would be approximately $50,003 and average income $61,240. According to the 2021 Census, incomes in Korumburra rank modestly, between the 25th and 27th percentiles for household, family, and personal incomes. The largest segment of residents (30.5%, or 3,069 people) earns $1,500 - 2,999 weekly, similar to the surrounding region at 30.3%. Housing costs allow for retention of 86.7% of income, but disposable income is below average at the 31st percentile. The area's SEIFA income ranking places it in the 4th decile.

Korumburra is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

Korumburra's dwelling structures, as per the latest Census evaluation, comprised 95.0% houses and 5.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro Vic.'s 93.3% houses and 6.7% other dwellings. Home ownership in Korumburra stood at 43.9%, with mortgaged dwellings at 41.5% and rented ones at 14.6%. The median monthly mortgage repayment was $1,499, exceeding Non-Metro Vic.'s average of $1,450. Meanwhile, the median weekly rent in Korumburra was $280, lower than Non-Metro Vic.'s figure of $295. Nationally, Korumburra's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were substantially below the national figure of $375.

Korumburra has a typical household mix, with a higher-than-average median household size

Family households constitute 72.1% of all households, including 29.3% couples with children, 33.1% couples without children, and 9.0% single parent families. Non-family households account for the remaining 27.9%, with lone person households at 25.6% and group households comprising 2.4%. The median household size is 2.5 people, larger than the Rest of Vic. average of 2.3.

Korumburra shows below-average educational performance compared to national benchmarks, though pockets of achievement exist

The area's university qualification rate is 16.9%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are most common at 11.7%, followed by postgraduate qualifications and graduate diplomas, both at 2.6%. Vocational credentials are prevalent, with 41.6% of residents aged 15+ holding them, including advanced diplomas (11.3%) and certificates (30.3%). Education participation is high, with 26.4% currently enrolled in formal education: primary (9.9%), secondary (8.3%), and tertiary (2.1%).

Korumburra has a robust network of 7 schools educating approximately 1,164 students, with typical Australian school conditions (ICSEA: 993). Education provision is balanced, serving distinct age groups with 6 primary and 1 secondary school.

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

Transport analysis in Korumburra shows 18 active public transport stops operating. These are served by a mix of buses on five different routes. Together, these routes offer 78 weekly passenger trips.

Accessibility to transport is rated as limited, with residents typically located 731 meters from the nearest stop. Service frequency averages 11 trips per day across all routes, which equates to roughly four 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, with common conditions prevalent among both younger and older age groups. Private health cover stands at approximately 48%, covering about 4,789 people, lower than the national average of 55.3%.

Arthritis and mental health issues are the most common medical conditions, affecting 9.8% and 9.3% of residents respectively. About 63.5% of residents report no medical ailments, compared to 61.6% in Rest of Vic.. The area has 23.8% of residents aged 65 and over (2,393 people), lower than the 28.6% in Rest of Vic..

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

Korumburra's population was found to be below average in cultural diversity, with 90.5% being Australian citizens, 88.1% born in Australia, and 96.1% speaking English only at home. Christianity was the main religion, comprising 41.6%. Judaism, however, was overrepresented at 0.1%, compared to 0.1% across Rest of Vic..

The top three ancestry groups were Australian (32.7%), English (32.6%), and Scottish (8.9%). Notably, Dutch (2.4%) and Maltese (0.4%) had similar representation as the region, while Irish was slightly underrepresented at 8.3% compared to 9.3%.

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

Korumburra's median age is 46, which is higher than Rest of Vic.'s figure of 43 and significantly higher than Australia's national norm of 38. The 55-64 age group constitutes 14.7% of Korumburra's population, compared to Rest of Vic., while the 15-24 cohort represents 10.1%. Post-2021 Census data shows that the 35 to 44 age group has grown from 10.4% to 12.1%, and the 75 to 84 cohort increased from 6.4% to 7.5%. Conversely, the 45 to 54 cohort has declined from 13.6% to 12.0%. By 2041, Korumburra is projected to experience notable shifts in its age composition. The 25 to 34 group is expected to grow by 13%, reaching 1,180 people from 1,041. Meanwhile, the 75 to 84 and 0 to 4 cohorts are anticipated to decrease in population.