At number 639th in the list of Australian suburbs ordered by increase in median house value over the last year, Boronia, 3155 is in the top 20% with a property value increase of 16.67% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Boronia,3155 has racked up an average of 16.67% over the period. This ranks it number 652th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Boronia is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 324th in terms of most discounted suburbs in VIC
Situated 28.69km from the CBD, Boronia is one of Knox localities in the postcode 3155.
Property investors who have had real estate in Boronia, 3155 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.05%
The five-year average increase in median property values for Boronia,3155 has given property investors a potential capital gain of 41.81% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.83% offered to property buyers. Sellers in Boronia itself are offering an average vendor discount of -2.76% to real estate investors.
At number 165 in a list of fastest selling suburbs, Boronia is in the TOP 20% of suburbs in Australia with an average of days on market 40.73 for properties listed there.
With the median price for a house in Boronia being $510500 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.57%