A steady increase in median property prices over a five-year period in the suburb translates to a 33.26% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $296,500
The augmented property values in the suburb are trailing above the territorial average of 11.1% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $280.
Home owners selling their properties and realtors in KORUMBURRA usually have to wait an average of 103.7 days days before their assets are lifted off the market.
The VIC suburb ranks 103rd on the list of best yielding suburbs for rental properties in VIC, posting a 4.91% return.
It also places places 75th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 5.61% over the last 12 months in KORUMBURRA, 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 KORUMBURRA, 3950 obtained a 0.09% growth over a ten-year period. It ranks 1613th on our list of suburbs that property investors should look into.
With the median home price in KORUMBURRA sitting at $226,000, and the average rent at $240, property owners could potentially earn a 5.52% increase in gross rental yield.
KORUMBURRA, 3950 in VIC belongs to the local government area of South Gippsland.