54 Mine Road, Korumburra, VIC 3950 | Property Value & History | OnTheHouse
OFF MARKET

54 Mine Road
Korumburra VIC 3950

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 858m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 21 Sep 2026
Low

High
Save

Property Details for 54 Mine Rd, Korumburra

54 Mine Rd, Korumburra is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 858m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
House
Year Built
1950
Land Size
858m2
Local Government
South Gippsland
Lot/Plan
13~B/PP5434

Last Listing description (June 2018)

On today's buoyant market homes under $300,000 are a very rare find, so an opportunity exists here to purchase in Korumburra at an affordable figure. The home is three bedrooms, reverse cycle heat/air conditioning and solid fuel heater. A large block of 858m2 and in a great area of town. Tenanted on a month to month lease so at least 24 hours notice needed for inspection.

Property History for 54 Mine Rd, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$250,000
16 May 2018
Listed for Rent
$230/w
29 Aug 2014
  • 16 May 2018
    Sold for $250,000
  • 18 Apr 2018
    Listed for Sale $265,000
  • 09 Aug 2014
    Listed for Rent - Price not available
Sign in to see more transactions
Commute Calculator

About Korumburra 3950

The size of Korumburra is approximately 59.9 square kilometres. There are 13 parks, covering nearly 1.4% of the total area. The population of Korumburra in 2016 was 4469 people. By 2021 the population was 4749 showing a population growth of 6.3% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation.In 2021, 77.10% of the homes in Korumburra were owner-occupied compared with 73.00% in 2016.

Korumburra has 3,153 properties. Over the last 5 years, Houses in Korumburra have seen a 14.87% increase in median value, while Units have seen a 22.95% increase. As at 31 August 2026:

  • The median value for Houses in Korumburra is $585,495 while the median value for Units is $435,021.
  • Houses have a median rent of $480 while Units have a median rent of $370.
There are currently 54 properties listed for sale, and 7 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 140 properties were sold in the past 12 months in Korumburra.

Suburb Insights for Korumburra 3950

Market Insights
Korumburra Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Korumburra Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.