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 is approximately 10,120 as of February 2026. This figure represents an increase of 278 people, a 2.8% rise from the 9,842 recorded in the 2021 Census. This change is inferred from ABS estimated resident population data: 9,970 in June 2024 and an additional 200 validated new addresses since the Census date. The resulting population density is 16.8 persons per square kilometer. Interstate migration accounted for approximately 49.5% of Korumburra's recent population growth.

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 Victorian State Government Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. Future population trends indicate a decline of 753 persons by 2041, with the 25-34 age group projected to grow by 168 people over this period.

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

Korumburra has seen approximately 51 new homes approved annually over the past five financial years, totalling 258 homes. As of FY-26, 19 approvals have been recorded so far. Over these five years, an average of 1.5 new residents arrived per new home, suggesting balanced supply and demand conditions. However, this ratio has decreased to 0.7 people per dwelling over the past two financial years, indicating more balanced supply conditions. New homes are being built at an average expected construction cost value of $324,000.

This year, $3.4 million in commercial development approvals have been recorded, reflecting Korumburra's primarily residential nature. Compared to Rest of Vic., Korumburra records significantly lower building activity, approximately 55.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established dwellings. New development consists predominantly of detached houses (92.0%) with a smaller proportion of attached dwellings (8.0%), maintaining Korumburra's traditional low density character focused on family homes.

The location has approximately 249 people per dwelling approval, indicating a low density market. With population projections suggesting stability or decline, Korumburra is expected to experience reduced pressure on housing, potentially presenting opportunities for buyers.

Korumburra has moderate levels of nearby infrastructure activity, ranking in the 41stth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 12 such projects likely affecting this region. Notable ones include Botanica Estate Korumburra, Korumburra Railway Precinct Redevelopment, Daisybank Estate Korumburra, and Korumburra Streetscape. Below is a list of those most relevant.

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Employment conditions in Korumburra demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Korumburra has a diverse workforce with both white and blue collar jobs. The construction sector is prominent, with an unemployment rate of 2.5% as of September 2025. This rate is 1.2% lower than the Rest of Vic.'s rate of 3.8%.

Employment growth over the past year was estimated at 4.4%. There are 5,122 residents currently employed in Korumburra. Workforce participation is similar to the Rest of Vic.'s 61.4%. According to Census responses, 20.3% of residents work from home.

The dominant employment sectors include health care & social assistance, agriculture, forestry & fishing, and construction. Agriculture, forestry & fishing has particularly high representation, at 1.8 times the regional average. Public administration & safety shows lower representation at 3.3%, compared to the regional average of 6.5%. Employment opportunities appear limited locally based on Census data. Over a 12-month period ending in September 2025, employment increased by 4.4% while labour force grew by 3.8%, leading to a decrease in unemployment rate by 0.5 percentage points. This contrasts with the Rest of Vic., where employment fell by 0.7%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Korumburra's employment should increase by 5.7% over five years and 12.4% over ten years, based on industry-specific projections applied to Korumburra's employment mix.

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

Korumburra SA2 had lower income levels than the national average based on latest ATO data aggregated by AreaSearch for financial year 2023. Its median income among taxpayers was $46,555 and average income stood at $56,481, compared to Rest of Vic.'s figures of $50,954 and $62,728 respectively. By September 2025, estimated incomes were approximately $50,396 (median) and $61,141 (average), accounting for an 8.25% growth in wages since financial year 2023. Korumburra's household, family, and personal incomes ranked modestly between the 24th and 27th percentiles according to census data. The largest income segment comprised 30.5% earning $1,500 - $2,999 weekly (3,086 residents), similar to the surrounding region at 30.3%. Housing costs were manageable with 86.7% retained, but disposable income was below average at the 31st percentile and Korumburra's SEIFA income ranking placed 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 evaluation, 95.0% of dwellings were houses, with the remaining 5.0% comprising semi-detached homes, apartments, and other types. This is compared to Non-Metro Vic., which had 90.1% houses and 9.9% other dwellings. The home ownership rate in Korumburra was higher at 43.9%, with the rest being mortgaged (41.5%) or rented (14.6%). The median monthly mortgage repayment in Korumburra was $1,499, exceeding Non-Metro Vic.'s average of $1,430. The median weekly rent figure was $280, slightly lower than Non-Metro Vic.'s $285. 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 comprise the remaining 27.9%, with lone person households at 25.6% and group households at 2.4%. The median household size is 2.5 people, larger than the Rest of 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% of residents currently enrolled in formal education.

This includes 9.9% in primary, 8.3% in secondary, and 2.1% in tertiary education.

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

The analysis of public transport in Korumburra shows that there are 11 active transport stops currently operating. These stops are served by two individual routes combined, offering a total of 44 weekly passenger trips. The accessibility to these transport services is rated as limited, with residents typically residing an average distance of 1116 meters from the nearest stop. As Korumburra is predominantly residential, most residents commute outward for work or other purposes. The car remains the primary mode of transportation, used by 93% of residents, while walking accounts for 4%. On average, there are 1.8 vehicles owned per dwelling in the area, which exceeds the regional average.

According to the 2021 Census data, some 20.3% of Korumburra's residents work from home, a figure that might be influenced by COVID-19 conditions. The service frequency across all routes averages about six trips per day, 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 high among both younger and older age cohorts. The rate of private health cover is very low at approximately 48% of the total population, which comprises around 4,807 people.

This compares to 50.5% across the rest of Victoria and a national average of 55.7%. The most common medical conditions are arthritis and mental health issues, affecting 9.8% and 9.3% of residents respectively. Meanwhile, 63.5% of residents claim to be completely clear of medical ailments, similar to the 63.4% figure for the rest of Victoria. The working-age population faces notable health challenges with elevated chronic condition rates. The area has a high proportion of older residents, with 24.1% aged 65 and over (2,433 people). National rankings indicate even higher levels of chronic conditions among this age group compared to 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 index below the 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 in Korumburra, comprising 41.6% of its population. While Judaism made up 0.1% of Korumburra's population, this was not significantly different from the rest of Victoria.

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 at 0.4% versus 0.5%, and Irish at 8.3% compared to 9.7%.

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

Korumburra's median age is 46, which is slightly higher than Victoria's figure of 43 and significantly higher than Australia's norm of 38. The 55-64 age group comprises 14.6%, compared to Rest of Vic., while the 15-24 cohort makes up 10.0%. Post-2021 Census data shows that the 35-44 age group grew from 10.4% to 12.6%, and the 75-84 cohort increased from 6.4% to 7.6%. Conversely, the 45-54 cohort declined from 13.6% to 11.3%, and the 55-64 group dropped from 15.7% to 14.6%. By 2041, Korumburra's age composition is expected to shift notably. The 25-34 group will grow by 10%, reaching 1,180 from 1,069. Meanwhile, the 0-4 and 75-84 cohorts are projected to experience population declines.