Korong Vale, VIC 3520

The median house price in Korong Vale, VIC 3520 is $161k as of June 2026, based on a very small number of recent sales. Houses there have moved +0.5% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.

The median weekly house rent in Korong Vale is $207 as of June 2026. Current vacancy pressure is shown in the supply section above.

A 3 bedroom house in Korong Vale rents for a median $207 per week as of June 2026. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.

Gross rental yield in Korong Vale is 5.55% for houses as of June 2026, compared with the VIC unit median of 3.29%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.

Korong Vale's property market trends to June 2026: house prices rose +0.5% year-on-year; homes sell in a median 80 days; sales supply sits at 2.4 months (tight). Read together — price, rent, selling speed and supply — they show which way the Korong Vale market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.

As of June 2026 in Korong Vale, house prices rose +0.5% over the year, gross rental yield is 5.55% against a VIC median of 2.14%, houses take a median 80 days to sell, sales supply is 2.4 months (tight). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.

Houses in Korong Vale sell in a median 80 days on market as of June 2026. Faster clearance typically coincides with stronger buyer demand and lower supply.

Korong Vale's sales market sits at 2.4 months of supply for houses as of June 2026 — classified as Tight against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 2.0 months of supply.

House prices in Korong Vale moved +0.5% over the 12 months to June 2026. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.

Korong Vale's house rental market sits at 2.0 months of supply as of June 2026 — classified as Loose, with 1 houses leased over the past 12 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.

Korong Vale's median house price ($161k) is 75% below the VIC median ($648k) as of June 2026. On selling speed, houses clear in 80 days vs 22 days state median. On gross yield, Korong Vale sits at 5.55% vs 2.14% state median.

The most-transacted segment in Korong Vale over the 12 months to June 2026 is 2 bed houses with 4 sales. 3 bed houses come second at 4 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.

Korong Vale recorded 4 house sales and 0 unit sales over the 12 months to June 2026 — a combined 4 transactions. On the rental side, 1 house and 0 units were leased. Segments with statistically thin samples are excluded from displayed figures.

Korong Vale is in postcode 3520, in the Bendigo region of VIC. Addresses there are written as Korong Vale, VIC 3520.

Korong Vale, VIC 3520 is home to 129 residents (ABS Census 2021). The median resident age is 34, and the average household holds 1.0 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.

The median household in Korong Vale earns $378 per week — roughly $20k a year (ABS Census 2021). Median personal income runs $346/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.

The unemployment rate in Korong Vale is 50.0% (ABS Census 2021). The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.

Korong Vale is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.

Korong Vale has 1 school within reach — including Wedderburn College. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).

Korong Vale, VIC 3520 has a population of 129, a median age of 34, a median household income around $378/week, 50% of households renting (ABS Census 2021). There is 1 school within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.

This Korong Vale market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.