With a capital gain of 11.68% for the last 12 months, Boronia, 3155 has performed for property investments than its average annual 8.84% property growth over the last 5 years.
Boronia,3155 was ranked 673 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Boronia itself are offering an average vendor discount of -5.96% to real estate investors.
Boronia is 400th on a list of best yielding suburbs for rents in VIC with a 3.04% return
At number 267th 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 13.48% recorded in median house prices.
Across a shorter period, Boronia, 3155 has seen a median price increase of 2.60% over the last quarter.
Property investors looking for a bargain in Boronia should be aiming for at least -2.53% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.70%, without taking into account capital value appreciation, which has been averaging out at 7.01%.