All About Koroit, Moyne, VIC, 3282
Koroit, located in the Moyne Shire of Victoria, Australia, presents an intriguing facet of the regional housing market, characterized by its unique blend of historical charm and rural appeal. Often considered a hidden gem in the southwest, Koroit offers a range of properties that cater to a variety of preferences, from quaint cottages to more modern family homes, all set against a backdrop of bucolic landscapes and the storied charm of its Irish heritage. The housing market in Koroit is generally more affordable compared to metropolitan areas, attracting both first-time homebuyers and retirees seeking a slower pace of life. As the demand for properties in regional Victoria continues to grow, Koroit has witnessed steady interest, incrementally driving property values upward. The town's proximity to larger centers like Warrnambool also enhances its appeal, offering a balance of seclusion and accessibility.
Living in Koroit is synonymous with embracing a tight-knit community vibe, where the stresses of urban living are replaced by the tranquility of rural life. The town boasts a rich history, evident in its architecture and cultural events, such as the annual Koroit Irish Festival, which celebrates its Irish roots. Residents enjoy access to essential amenities, including local schools, shops, and recreational facilities, while the surrounding natural beauty offers plentiful opportunities for outdoor activities, from exploring the Port Fairy to Warrnambool Rail Trail to relaxing in nearby Tower Hill Wildlife Reserve. The community spirit in Koroit is strong, with events and local gatherings fostering a sense of belonging and connection among its residents. This serene, community-focused lifestyle makes Koroit an appealing choice for those looking to escape the hustle and bustle of larger cities without sacrificing access to necessary conveniences.
Household Makeup
| Median Weekly Rent | $285.00 |
| Median Monthly Mortgage | $1335.75 |
| Median Persons Per bed houseroom | 0.78 |
| Average Household Size | 2.75 |
| Average Age | 41.25 |
| Average Income | $734.00 |
| Average Cars Per Dwelling | 1.85 |
| Average Properties Within 50M | 6 |
| Typical 1 bed house | $392,000 |
| Typical 2 bed house | $468,000 |
| Typical 3 bed house | $673,000 |
| Typical 4 bed house | $799,000 |
| Typical 5 bed house | $1,004,000 |
| Typical 6 bed+ house | $1,602,000 |
Housing Stock
Local Internet Speeds
Download 25 Mbps / Upload 5 Mbps
Koroit Real Estate Market Outlook
Thinking about buying in Koroit? Now could not be a better time, with 1256 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $639,000 with prices in this suburb ranging from $128,000 to $4,739,000. Koroit is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Consistent high demand relative to supply is a key feature in Koroit driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Koroit due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Koroit provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Koroit to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Koroit the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationHouses for sale Koroit
|
11 Bourke Avenue, Koroit, VIC, 3282 |  3 |
 1 |
 1 |
440000 |
Local Schools
St Patrick's School
Koroit And District Primary School
(While the above schools are located with the suburb of Koroit there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Koroit weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.1 | 11.8 | 25.0 | 45.8 | 92.2 | 5.3 | 24.9 |
| Feb | 1.2 | 12.6 | 24.6 | 49.2 | 93.0 | 5.2 | 20.5 |
| Mar | 1.7 | 11.2 | 22.9 | 50.9 | 94.1 | 5 | 15.7 |
| Apr | 2.0 | 9.4 | 19.9 | 54.6 | 95.0 | 4.8 | 11.5 |
| May | 2.7 | 7.6 | 16.3 | 64.8 | 95.8 | 5.1 | 8.4 |
| Jun | 2.7 | 5.6 | 13.9 | 71.4 | 97.4 | 5.1 | 7.2 |
| Jul | 3.0 | 5.6 | 13.4 | 71.5 | 97.3 | 5.9 | 7.3 |
| Aug | 2.8 | 5.8 | 14.2 | 65.1 | 95.8 | 5.9 | 10.1 |
| Sept | 2.7 | 6.9 | 16.2 | 62.0 | 96.5 | 5.8 | 14.2 |
| Oct | 2.2 | 7.8 | 18.4 | 58.8 | 95.6 | 5.4 | 18.9 |
| Nov | 1.5 | 9.2 | 20.4 | 54.2 | 94.8 | 5.4 | 21.8 |
| Dec | 1.6 | 10.6 | 22.6 | 50.7 | 94.3 | 5.4 | 25.4 |
source: Australian Government Bureau of Meteorology
Public Transport
Sherwood Park - Greater then 10KM
General Points of Interest
Koroit Bowls Club - Less than 5 KM
Former Koroit Station - Less than 2 KM
Nearby Suburbs
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!