Koroit

POSTAL CODE: VIC, 3282
HOUSE

Property investors enjoyed capital gains of 2.56% over the last 12 months in KOROIT, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 8.23% growth over a ten-year period. It ranks 1124th on our list of suburbs that property investors should look into.

KOROIT, 3282 has a capital gain of 2.56% for the past year, which is lower than average compared to its 32.74% growth within a five-year period.

With the median home price in KOROIT sitting at $600,000, and the average rent at $620, property owners could potentially earn a 5.37% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in KOROIT are low, as opposed to average gains per annum over the past five years.

KOROIT, 3282 in VIC belongs to the local government area of Moyne.

Surburb overview

Koroit is a regional town in south-west Victoria, located about 17 kilometres north-west of Warrnambool and approximately 272 kilometres south-west of Melbourne.

The township sits near the Tower Hill volcanic landscape and forms part of the Moyne Shire, with a population of 2,184 recorded at the 2021 Census.

Koroit has a long agricultural history and is known for its Irish heritage, with many historic stone buildings and churches still shaping the town centre.

Commercial Road serves as the main retail strip, featuring cafes, small businesses, community services, and local hospitality venues.

Residents rely on nearby Warrnambool for major healthcare, tertiary education and larger retail facilities, while Koroit itself provides everyday essentials, including a primary school, sporting facilities and community services.

The town is connected to Warrnambool and Port Fairy through regional bus services, with travel to Warrnambool taking about 20 minutes by road or public transport.

Warrnambool railway station provides V/Line rail services to Geelong and Melbourne, supporting access for commuters and regional travellers.

Private vehicle use remains the dominant mode of transport across the wider region, reflecting the rural setting and dispersed employment areas.

Sport and outdoor recreation play a significant role in local life, with football, netball and cricket clubs active throughout the year.

The Port Fairy to Warrnambool Rail Trail passes through Koroit and supports cycling, walking and tourism activity across the district.

Tower Hill Wildlife Reserve, located nearby, offers walking tracks, birdlife and volcanic scenery, while the coast at Port Fairy and Warrnambool is a short drive away.

Housing in Koroit includes established family homes, newer residential estates and rural properties on larger allotments.

 

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