VIC · 3282

Koroit

Suburb profile, market snapshot and recent listings for Koroit, VIC 3282.

Koroit, VIC 3282

About Koroit

Welcome to Koroit

Koroit sits in Victoria's south-west, a short drive from Warrnambool and close to the coast at Port Fairy, in country shaped by the volcanic soils of the Tower Hill region. It's a town with a strong Irish heritage, bluestone buildings and a settled, rural rhythm rather than a fast-growing commuter suburb.

With a population of around 2,184 and a median age of 41, Koroit suits families, retirees and anyone drawn to a small-town pace with good land and space for the money. It's the kind of place where the local primary school, the streetscape and the surrounding farmland all still feel connected to the town's history, and where neighbouring communities like Crossley, Illowa, Kirkstall, Southern Cross and Tower Hill are part of daily life rather than distant dots on a map.

Lifestyle & dining

Koroit's character owes a lot to the Irish families who settled here in the 1850s to farm the rich volcanic soil around Tower Hill, and that heritage still shows in the town's bluestone pubs, churches and heritage buildings. The town centre has a handful of cafes, a bakery and pubs that double as the social hub, and the annual Koroit Irish Festival draws visitors from across the region each year.

It's a quieter, close-knit lifestyle than you'd find in Warrnambool proper, but the coast at Port Fairy and the volcanic crater and wildlife reserve at Tower Hill are both close by, making weekends easy to fill without needing to travel far.

Schools & families

Koroit And District Primary School serves local families directly in town, giving younger children a genuine walk-or-ride-to-school option. Secondary students typically head into Warrnambool, which is well within commuting distance and has a broader range of college options.

Getting around

Koroit is linked to Warrnambool by the Princes Highway, making the drive into the regional centre straightforward for work, shopping or connecting onward to Melbourne. Port Fairy and the surrounding coastal towns are also a short trip away, and the surrounding villages of Kirkstall, Crossley and Illowa are all reachable within minutes, reflecting how the town operates as part of a wider rural network rather than in isolation.

Parks & recreation

The standout natural asset nearby is Tower Hill, a volcanic crater turned wildlife reserve where koalas, emus and kangaroos are regularly spotted along the walking trails. Closer to home, Koroit has local sporting grounds and recreation facilities typical of a country town, giving families and older residents plenty of low-key options for weekend activity.

The property market

Koroit's median house price currently sits at $605,000, having posted modest growth of 1.7% recently — a sign of a steady, unspectacular market rather than a boom town. Current listings are split fairly evenly between established houses (57%) and vacant land (43%), suggesting there's still room for buyers to build as well as buy into the existing housing stock.

That mix of land and established homes, combined with prices well below metropolitan benchmarks, makes Koroit an accessible option for first-home buyers, downsizers and those chasing more space for their budget, particularly given its proximity to Warrnambool's job market and services.

Market snapshot

Koroit property market

Median price ranks #3,096 of 3,797 suburbs · pricier than 18%
Bedrooms

Median sale price

$605k

House · 3 bed

Median rent

per week

Gross rental yield

annual rent ÷ sale price

Typical price range

Entry

$463k

Median

$605k

Premium

$949k

Days on market

33

Auction clearance

0%

Sold this year

25

Median sold price trend · House 3 bed

Compound growth +5.8% / yr over 4 yrs

Median price by bedrooms · House

Property types on market

Share of current listings in Koroit by dwelling type.

House57%
Land43%

Who lives here

Demographics

ABS Census 2021 figures for Koroit, VIC 3282.

Population

2,184

residents (2021)

Median age

41

years

Household income

$1,466

median, per week

Median rent

$280

per week

Median mortgage

$1,400

per month

Mortgage / income

22%

comfortable

Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.

Education

Schools in Koroit

Government school catchment

Koroit And District Primary School

Prep-6CoEdGovernment
Visit school website →

Recent results

Recently sold in Koroit

$665k

48 Horne Street

house4 bd · 2 ba

Sold ~July 2026

$290k

5 Lake View Road

land

Sold ~July 2026

$650k

4A Wright Street

house4 bd · 2 ba · 2 car

Sold ~July 2026

$250k

158 Commercial Road

land

Sold ~July 2026

$1.10m

172 Officers Lane

house4 bd · 2 car

Sold ~June 2026

$300k

53 Nine Mile Creek Road

land

Sold ~June 2026

$4.00m

26 Conrick Way

land

Sold ~June 2026

Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.

Explore the area

Properties & amenities in Koroit

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Compare the area

Price map around Koroit

Every listing for sale near Koroit, coloured by price — so you can see how it stacks up against the streets and suburbs next door.

CheaperPricier
KoroitNearby suburbs

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Common questions

Koroit suburb FAQ

What is the median property price in Koroit?

The median house price in Koroit, VIC is $605k for a 3-bedroom home. Over the past year, median sold prices have risen about 1.7%.

Is Koroit a good place to live?

Koroit is an established residential suburb in VIC, with a population of around 2,184 and 1 school in the area.

What is the population of Koroit?

Koroit has a population of 2,184 (ABS 2021 Census), with a median age of 41.

What schools are in Koroit?

There is 1 school in or near Koroit, including Koroit And District Primary School.

How long do homes take to sell in Koroit?

Properties in Koroit take around 33 days to sell on average, with an auction clearance rate of about 0%.

How much do you need to buy in Koroit?

Entry-level properties in Koroit start around $463k, while premium homes reach $949k.

What suburbs are near Koroit?

Suburbs near Koroit include Southern Cross, Crossley, Illowa, Kirkstall and Tower Hill.

Available now

Properties in Koroit

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For Sale
$520,000
land

PRIME KOROIT LAND - OVER AN ACRE ZONED RESIDENTIAL

14 Lake Street, Koroit VIC 3282
4604 m²
Wilsons Warrnambool & District Real Estate1 month ago
Ask AI about this property
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For Sale
$1.30m
land

PRIME KOROIT RESIDENTIAL SUBDIVISIONAL DEVELOPMENT OPPORTUNITY

7, 14 & 15 Lake Street, Koroit VIC 3282
1.05 ha
Wilsons Warrnambool & District Real Estate1 month ago
Ask AI about this property
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For Sale
$950,000
house

A landmark live-in business offering of rare distinction

222 Penshurst-Warrnambool Road, Koroit VIC 3282
3162.61 ha
Luke Williams Real Estate3 months ago
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For Sale
Price Withheld
house
StMate est. ~$605k

HEART OF KOROIT

19 Sturt Street, Koroit VIC 3282
3221956 m²
Ludeman Real Estate Warrnambool3 months ago
Ask AI about this property
Image 1
For Sale
$520,000
land

OVER AN ACRE OF PRIME KOROIT RESIDENTIAL LAND

15 Lake Street, Koroit VIC 3282
4569 m²
Wilsons Warrnambool & District Real Estate1 month ago
Ask AI about this property
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For Sale
Contact agent
land

Sixteen Acres with Planning Permit to build your Dream Family Home

Lot 2 Kevans Lane, Koroit VIC 3282
6.47 ha
Ray White (Port Fairy)1 month ago
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For Sale
$1.2m–$1.29m
house

Space, Shedding, and Style

16 Duffus Street, Koroit VIC 3282
4262.43 ha
Homeseeka Real Estate Warrnambool2 weeks ago
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For Sale
$660k–$720k
house

Quiet, Convenient Living

11 Channing Drive, Koroit VIC 3282
323819 m²
Ray White Warrnambool1 month ago
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For Sale
$580,000
land

3 ACRES WITH MAGICAL SOUTHERN OCEAN VIEWS

364 Lake View Road, Koroit VIC 3282
1.21 ha
Wilsons Warrnambool & District Real Estate3 months ago
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For Sale
UNDER OFFER
house
StMate est. ~$590k

UNDER OFFER

5 High Street, Koroit VIC 3282
3121232 m²
Ray White Warrnambool3 weeks ago
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For Sale
$520k–$560k
house

Position Perfect in Koroit

21 North Street, Koroit VIC 3282
312652 m²
Ray White Warrnambool2 weeks ago
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For Sale
$225,000
land

Versatile Lot in Town-Centre

95A Commercial Road, Koroit VIC 3282
603 m²
Gleeson Real Estate3 months ago
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