Korumburra

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 was approximately 10,017 as of May 2026. This figure represents an increase of 175 people since the 2021 Census, which recorded a population of 9,842. The growth is inferred from ABS data showing an estimated resident population of 10,007 in June 2025 and validated new addresses totalling 214 after the Census date. This results in a population density ratio of 16.7 persons per square kilometer. Korumburra's 1.8% growth since the census is comparable to the Rest of Vic., indicating strong fundamentals for population growth. Overseas migration contributed approximately 54.3% of overall population gains recently, with other factors such as natural growth and interstate migration also being positive contributors. AreaSearch uses ABS/Geoscience Australia projections released in 2024, based on 2022 data, for each SA2 area.

For areas not covered by this data, AreaSearch employs VIC State Government's Regional/LGA projections from 2023 with adjustments made using a weighted aggregation method to reach SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. According to these projections, Korumburra's population is expected to decline by 832 persons by 2041. However, specific age cohorts like the 25 to 34 group are projected to grow, with an increase of 132 people anticipated in this age range.

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

Korumburra has granted approximately 51 residential property approvals annually over the past five financial years, totalling 258 homes. As of FY26, 25 approvals have been recorded. On average, each dwelling constructed between FY21 and FY25 accommodated about 1.5 new residents per year. However, this figure has decreased to 0.7 people per dwelling over the past two financial years. The average construction cost for new properties is $324,000.

This year, Korumburra has registered $3.4 million in commercial approvals, indicating its predominantly residential nature. Compared to the rest of Victoria, Korumburra's building activity is 54.0% lower per capita. The area primarily constructs detached dwellings (92.0%) with a smaller proportion of attached dwellings (8.0%), maintaining its low-density character focused on family homes. With around 249 people per approval, Korumburra reflects a low-density population.

Given the expected stable or declining population, housing pressure in Korumburra is likely to remain relatively low, potentially presenting opportunities for buyers.

Korumburra has moderate levels of nearby infrastructure activity, ranking in the 40thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 12 projects that could affect this region. Notable projects include Botanica Estate Korumburra, Korumburra Railway Precinct Redevelopment, Daisybank Estate Korumburra, and Korumburra Streetscape. The following list details those most relevant.

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

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Employment conditions in Korumburra demonstrate exceptional strength compared to most Australian markets

Korumburra has a diverse workforce with both white and blue collar jobs. The construction sector is prominent, with an unemployment rate of 2.5% and estimated employment growth of 5.9% in the past year as of December 2025. There are 5,160 employed residents, with an unemployment rate of 1.2% lower than Regional Vic.'s rate of 3.7%.

Workforce participation is at 63.7%, close to Regional Vic.'s 61.0%. According to Census data, 20.3% of residents work from home, potentially influenced by Covid-19 lockdowns. Key employment sectors are health care & social assistance, agriculture, forestry & fishing, and construction. Agriculture, forestry & fishing has a high representation at 1.8 times the regional level, while public administration & safety is lower at 3.3% compared to the regional average of 6.5%.

Over the year to December 2025, employment increased by 5.9%, labour force by 5.2%, reducing unemployment by 0.6 percentage points. In contrast, Regional Vic. saw employment and labour force declines of 0.6% and 0.7% respectively, with a smaller unemployment rate decrease of 0.1%. National employment forecasts from May-25 project growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Korumburra's industry mix suggests local employment could increase by 5.7% in five years and 12.4% in ten years, though this is a simplified extrapolation for illustrative purposes only.

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

AreaSearch's latest postcode level ATO data released for financial year 2023 shows Korumburra SA2 had a median income among taxpayers of $46,555 and an average of $56,481. This is below the national average. Regional Vic.'s median was $50,954 with an average of $62,728. Based on Wage Price Index growth of 9.62% since financial year 2023, estimated incomes as of March 2026 would be approximately $51,034 (median) and $61,914 (average). The 2021 Census data shows household, family, and personal incomes in Korumburra rank modestly between the 24th and 27th percentiles. The earnings profile indicates that 30.5% of residents fall into the $1,500 - 2,999 bracket (3,055 people), consistent with surrounding regions at 30.3%. Housing costs are manageable with 86.7% retained. Disposable income ranks below average at the 31st percentile and Korumburra's SEIFA income ranking places it in the 4th decile.

Korumburra is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Korumburra, as per the latest Census, 95.0% of dwellings were houses with the remaining 5.0% being semi-detached, apartments, or other types. This compares to Regional Vic.'s 90.1% houses and 9.9% 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, higher than Regional Vic.'s average of $1,430. The median weekly rent in Korumburra was $280, compared to Regional Vic.'s $285. Nationally, Korumburra's mortgage repayments were lower at $1,499 versus Australia's average of $1,863, and rents were substantially lower at $280 compared to the national figure of $375.

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

Family households comprise 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 27.9%, with lone person households at 25.6% and group households comprising 2.4%. The median household size is 2.5 people, which is larger than the Regional Vic. average of 2.4.

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 the most common at 11.7%, followed by postgraduate qualifications (2.6%) and graduate diplomas (2.6%). Vocational credentials are prevalent, with 41.6% of residents aged 15+ holding them, including advanced diplomas (11.3%) and certificates (30.3%). Educational participation is high, with 26.4% currently enrolled in formal education, comprising 9.9% in primary, 8.3% in secondary, and 2.1% in tertiary education.

Educational participation is notably high, with 26.4% of residents currently enrolled in formal education. This includes 9.9% in primary education, 8.3% in secondary education, and 2.1% pursuing tertiary education.

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

Korumburra has 11 active public transport stops. They are served by two routes offering a total of 44 weekly passenger trips. Transport access is limited with residents typically located 1116 meters from the nearest stop. Most residents commute outward, primarily using cars (93%). The average vehicle ownership is 1.8 per dwelling, above the regional average. In 2021 Census data, which may reflect COVID-19 conditions, 20.3% of residents worked from home.

Service frequency averages six trips daily across all routes, equating to approximately four weekly trips per individual stop.

Health performance in Korumburra is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Korumburra faces significant health challenges based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are somewhat prevalent across both younger and older age cohorts. The rate of private health cover is very low at approximately 48% of the total population, which consists of around 4758 people.

This compares to 50.5% in Regional Victoria and a national average of 55.7%. The most common medical conditions are arthritis and mental health issues, impacting 9.8 and 9.3% of residents respectively. Meanwhile, 63.5% of residents declare themselves completely clear of medical ailments, compared to 63.4% across Regional Victoria. The working-age population faces notable health challenges with elevated chronic condition rates. The area has 24.4% of residents aged 65 and over, totaling around 2446 people, with national rankings even higher than the general population.

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

Korumburra had a cultural diversity score below average, with 90.5% of its population being Australian citizens, 88.1% born in Australia, and 96.1% speaking English only at home. Christianity was the predominant religion, accounting for 41.6% of Korumburra's population. While Judaism comprised only 0.1% of Korumburra's population, it was proportionally similar to Regional Vic (0.1%).

The top three ancestry groups were Australian (32.7%), English (32.6%), and Scottish (8.9%). Notably, Dutch ancestry was overrepresented in Korumburra at 2.4%, compared to 1.7% regionally. Maltese ancestry was present at 0.4%, slightly lower than the regional average of 0.5%. Irish ancestry was also present but underrepresented at 8.3%, compared to 9.7% regionally.

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

Korumburra's median age is 46, which is slightly higher than Regional Vic.'s figure of 43 and significantly greater than the national norm of 38. The 55-64 age group comprises 14.7% of Korumburra's population, compared to Regional Vic., while the 25-34 cohort makes up 9.8%. Post-2021 Census data shows that the 35-44 age group has grown from 10.4% to 12.3%, and the 75-84 cohort increased from 6.4% to 7.9%. Conversely, the 45-54 cohort declined from 13.6% to 11.6%, and the 55-64 group dropped from 15.7% to 14.7%. By 2041, Korumburra's age composition is expected to shift notably. The 25-34 group is projected to grow by 11% (110 people), reaching 1,093 from 982. Meanwhile, the 0-4 and 75-84 cohorts are expected to experience population declines.