Suburb Profile Report for Boronia Heights QLD (4124)

Boronia Heights House: Median price $345,500, Annual capital growth 3.25%, Number of sales 149, Weekly median advertised rent $355

Boronia Heights Unit: Median price $329,000, Annual capital growth 7.96%, Number of sales 53, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.44% which means that Boronia Heights, 4124 has done well for property investors by showing a capital gain of 3.44% over the last year

Boronia Heights,4124 was ranked 2637 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Boronia Heights, 4124. Typically our figures indicate that -4.09% is being offered, which puts this QLD suburb at 2980th most discounted overall in Australia.

With the median price for a house in Boronia Heights being $345500 and the advertised rent reaching $355 the gross rental yield for property investors calculates out to be 5.34%

If you compare the increase in value of investment property in Boronia Heights, 4124 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 31.60%.

Boronia Heights,4124 has offered an average of 31.60% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -5.91% to buyers in Boronia Heights at the moment, which is less than average for the rest of QLD.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.96%, investors should hope to achieve an overall return of 5.53%

Metrics i HOUSE UNIT
$345,500 $329,000
0.14% 0.00%
3.44% 31.60%
3.25% 7.96%
$355 $350
149 53
5.34% 5.53%
59.83 131.31

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7604
Median household income ($/weekly) 1207
Median age of persons 30
Median housing loan repayment ($/monthly) 1773
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 709 9.3
    5-14 years 1211 15.9
    25-34 years 1218 16.0
    35-44 years 1056 13.9
    45-54 years 892 11.7
    Others 2518 33.1
    Age Group
    Census Count Percent(%)
    Not Married 2217 43.4
    Registered Married 2209 43.2
    Defacto Relationship 688 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5428 74.8
    Papua New Guinea 569 7.8
    Philippines 85 1.2
    United Kingdom 295 4.1
    Other 350 4.8
    Others 528 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 83 1.2
    Christianity 4570 66.2
    Islam 127 1.8
    Other Religious Groups 87 1.3
    No Religion 1975 28.6
    Others 64 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 271 12.1
    $1,000-$1,249 249 11.1
    $1,250-$1,499 271 12.1
    $1,500-$1,999 361 16.2
    $2,000-$2,499 247 11.1
    Others 835 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2211 40.7
    Not in the labour force 1801 33.1
    Employed, worked part-time 938 17.3
    Unemployed, looking for work 301 5.5
    Employed, away from work 186 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 572 17.2
    Community & personal service workers 343 10.3
    Clerical & administrative workers 517 15.5
    Machinery operators & drivers 484 14.5
    Labourers 471 14.1
    Others 945 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 118 6.6
    Infants/Primary 783 44.1
    Secondary 500 28.1
    Technical or Further Educational Institution 164 9.2
    University or other Tertiary Institutions 151 8.5
    Others 61 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6780 95.3
    Semi-detached, row or terrace house, townhouse 328 4.6
    Flat, unit or apartment 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1093 45.3
    Rented 900 37.3
    Fully owned 381 15.8
    Other tenure type 38 1.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals