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Korong Vale suburb profile

Korong Vale is a small rural town in Victoria, situated within the Loddon Shire, approximately 230km northwest of Melbourne. Known for its tranquil country setting, it offers a peaceful lifestyle amidst expansive landscapes and agricultural surroundings. The town has a rich railway history, once serving as a significant junction for the region. Today, Korong Vale retains its charm with a close-knit community and a slower pace of life, making it an ideal location for those seeking a retreat from urban hustle. Its proximity to larger towns provides access to essential services while maintaining its serene, rural character.

Korong Vale property market performance

Korong Vale's property market has remained static over the past 12 months, with no recorded changes in median house or unit values. The median house and unit prices have both remained at $0, indicating a lack of market activity in the area.

There have been no house or unit sales in the past 12 months, and properties have not been listed on the market, as reflected by the median days on market being zero for both houses and units.

Similarly, the rental market in Korong Vale has seen no movement, with average rents for both houses and units remaining at $0 and no change in rental prices over the last 12 months.

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Korong Vale demographics

Korong Vale, a small rural suburb in Victoria, offers a tranquil lifestyle with a close-knit community feel. With a population of just 143, it is a place where everyone knows their neighbors, and the sense of community is strong. The median age of 57 indicates a mature population, likely comprising long-term residents who appreciate the peace and quiet of country living. The suburb's charm lies in its simplicity and the slower pace of life, making it an ideal location for retirees or those seeking a retreat from the hustle and bustle of city life.

The housing landscape in Korong Vale is predominantly owner-occupied, with 61.8% of properties owned outright, reflecting a stable and settled community. A further 26.5% of homes are owned with a mortgage, while only 11.8% are rented, indicating a strong preference for homeownership among residents. This stability is complemented by the suburb's affordability, with a median total household income of $575 per week, which is modest compared to urban areas.

Family structures in Korong Vale are diverse, with couple families with children making up 35.5% of the population, and couple families without children accounting for 38.7%. One-parent families and other family types also contribute to the community's fabric, adding to its diversity. The suburb's rural setting and community-oriented lifestyle make it a peaceful haven for families and individuals alike, offering a unique blend of country charm and community spirit.

Suburbs near Korong Vale

Some popular suburbs near Korong Vale include:

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