7 Commonwealth Avenue, Korumburra, VIC 3950 | Property Value & History | OnTheHouse
OFF MARKET

7 Commonwealth Avenue
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 752m2
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Property Details for 7 Commonwealth Ave, Korumburra

7 Commonwealth Ave, Korumburra is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 752m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
House
Land Size
752m2
Local Government
South Gippsland
Lot/Plan
3/LP34281

Last Listing description (February 2020)

Ideally located on the corner of Commonwealth Avenue and Inches road sits this 3 bedroom cladded home. The residence offers 3 spacious bedrooms, a light filled kitchen and dining area with electric cooking and family bathroom. The home is kept cosy all year round with ducted natural gas heating throughout, a solid fuel heater in the lounge room and a split system centrally located in the dining. Outside, the home enjoys a fully secure front and back yard, with the entire corner being surrounded by a lovely traditional picket fence - perfect for the family pets. Off street parking is available with a large double carport. Being a corner block makes this property feel a lot bigger than 744sq m.With a little tidy up, this property would make a great first home or investment property.

Property History for 7 Commonwealth Ave, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$304,000
26 Oct 2019
  • 26 Oct 2019
    Sold for $304,000
  • 17 Jul 2019
    Listed for Sale $304,950
  • 23 May 2018
    Listed for Sale $310,000 - $325,000
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About Korumburra 3950

The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of 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 3,120 properties. Over the last 5 years, Houses in Korumburra have seen a 32.46% increase in median value, while Units have seen a 37.04% increase. As at 31 January 2026:

  • The median value for Houses in Korumburra is $560,740 while the median value for Units is $458,877.
  • Houses have a median rent of $500 while Units have a median rent of $370.
There are currently 61 properties listed for sale, and 6 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 148 properties were sold in the past 12 months in Korumburra.

Suburb Insights for Korumburra 3950

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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.