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 10,109 as of November 2025. This figure represents an increase of 267 people since the 2021 Census, which reported a population of 9,842. The change is inferred from ABS estimated resident population of 9,972 in June 2024 and validated new addresses of 197 since the Census date. This results in a density ratio of 16.8 persons per square kilometer. Population growth was primarily driven by interstate migration contributing approximately 49.5% of overall population gains recently.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered, they utilise VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future trends indicate an overall population decline of 753 persons by 2041, but specific age cohorts like the 25-34 group are projected to grow by 168 people.

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, 17 approvals have been recorded. On average, 1.5 new residents per year arrived with each new home between FY-21 and FY-25, indicating balanced supply and demand conditions. However, this ratio has decreased to 0.7 people per dwelling over the past two financial years. New homes are being built at an average expected construction cost of $324,000.

In FY-26, $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 minority 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 expected to remain stable or decline, Korumburra should experience reduced pressure on housing, potentially creating opportunities for buyers in the future.

Korumburra has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

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

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

Korumburra's workforce is balanced across white and blue collar jobs. The construction sector is prominent, with an unemployment rate of 2.5% and estimated employment growth of 4.4% in the past year as of September 2025.

There are 5,122 employed residents, with an unemployment rate of 1.2% below Rest of Vic.'s 3.8%. Workforce participation is similar to Rest of Vic.'s 57.4%. Dominant sectors include health care & social assistance, agriculture, forestry & fishing, and construction. Agriculture, forestry & fishing has notable concentration with levels at 1.8 times the regional average.

Public administration & safety shows lower representation at 3.3% versus regional average of 6.5%. Employment opportunities locally appear limited based on Census working population vs resident population comparison. In the 12-month period ending September 2025, employment increased by 4.4%, labour force by 3.8%, reducing unemployment rate by 0.5 percentage points. This contrasts with Rest of Vic., where employment fell by 0.7%, labour force contracted by 0.6%, and unemployment rose marginally. State-level data to 25-Nov-25 shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with state unemployment rate at 4.7%. National employment forecasts from May-25 suggest growth of 6.6% over five years and 12.4% over ten years for Korumburra, based on industry-specific projections applied to local employment mix.

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

Korumburra SA2's median income among taxpayers was $45,412 and average income stood at $55,617 in financial year 2022, according to latest ATO data aggregated by AreaSearch. This compares to Rest of Vic.'s figures of $48,741 and $60,693 respectively. By September 2025, estimates based on Wage Price Index growth of 12.16% suggest median income will be approximately $50,934 and average income $62,380. Census data shows household, family and personal incomes in Korumburra rank modestly, between the 24th and 27th percentiles. Income distribution reveals that 30.5% of residents earn between $1,500 - 2,999 weekly, aligning with surrounding region's 30.3%. Housing costs are manageable with 86.7% retained, but disposable income is below average at the 31st percentile and SEIFA income ranking places Korumburra in the 4th decile.

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

The dwelling structure in Korumburra, as per the latest Census, consisted of 95.0% houses and 5.0% other dwellings. In comparison, Non-Metro Vic had 93.3% houses and 6.7% other dwellings. Home ownership in Korumburra was 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 Non-Metro Vic's average of $1,450. The median weekly rent in Korumburra was $280, lower than Non-Metro Vic's figure of $295. Nationally, Korumburra's monthly mortgage repayments were significantly lower at $1,499 compared to 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 account for 72.1% of all households, including 29.3% that are couples with children, 33.1% that are couples without children, and 9.0% that are single parent families. Non-family households make up the remaining 27.9%, with lone person households at 25.6% and group households comprising 2.4% of the total. The median household size is 2.5 people, which is 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 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, 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 18 active public transport stops, all of which are bus stops. These stops are served by five different routes that together offer 78 weekly passenger trips. The accessibility of the transport system is limited, with residents typically located 731 meters from the nearest stop.

On average, there are 11 trips per day across all routes, which equates to approximately 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 is low at approximately 48%, covering about 4,811 people, compared to the national average of 55.3%.

The most common conditions are arthritis (9.8%) and mental health issues (9.3%). About 63.5% report no medical ailments, slightly higher than Rest of Vic.'s 61.6%. Korumburra has 23.8%, or approximately 2,404 people aged 65 and over, lower than Rest of Vic.'s 28.6%. Despite this, health metrics are better 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 level below average, with 90.5% citizens, 88.1% born in Australia, and 96.1% speaking English only at home. Christianity was the predominant religion, comprising 41.6%. Judaism's representation was slightly higher than the regional average, at 0.1%.

The top three ancestry groups were Australian (32.7%), English (32.6%), and Scottish (8.9%). Dutch, Maltese, and Irish ethnicities had notable differences in representation compared to regional averages: Dutch at 2.4% vs 2.5%, Maltese at 0.4% vs 0.4%, and Irish at 8.3% vs 9.3%.

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

Korumburra's median age is 46, which is higher than Victoria's figure of 43 and significantly above the national average of 38. The age group of 55-64 years old comprises 14.7% of Korumburra's population, compared to Rest of Vic., while the 15-24 cohort makes up only 10.1%. Post-2021 Census data indicates that the 35-44 age group has increased from 10.4% to 12.1%, and the 75-84 cohort has risen from 6.4% to 7.5%. Conversely, the 45-54 age group has decreased from 13.6% to 12.0%. By 2041, Korumburra's age composition is expected to change notably. The 25-34 age group is projected to grow by 13%, reaching 1,180 people from the current figure of 1,046. Meanwhile, the 75-84 and 0-4 cohorts are anticipated to experience population declines.