Suburb Profile Report for Boolaroo NSW (2284)

Boolaroo House: Median price $490,000, Annual capital growth 6.57%, Number of sales 44, Weekly median advertised rent $450

Boolaroo Unit: Median price $143,000, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent $380

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

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Boolaroo have tracked lower than the NSW average of 12.10% over the last 12 months.

Comparing Boolaroo,2284 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

In the last year 44 properties changed hands in Boolaroo, which puts it as the 780th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Comparing Boolaroo,2284 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The NSW suburb of Boolaroo, 2284 is in the Lake Macquarie (C) local government area.

Information supplied by:


December 2017

M
O

W
E

Significant growth in Lake Macquarie suburb

Postcode: 2284

Median house price: $515,000

Three-year growth: 46.7%

Rental yield: 3.8%

The epicentre of the Newcastle earthquake that occurred in 1989, Boolaroo is now shaking up the local property market.

This suburb reported 32% growth in the house market in the year leading up to the end of September 2017, boosting the median value to $515,000. While rental yields are not particularly high at 3.8%, this suburb has a bright future in terms of capital gains, as it has been performing very well throughout the recent five-year period.

Cockle Creek railway station, which is a stop on the Central Coast and Newcastle line, is located in Boolaroo, facilitating easy commutes. The suburb is also home to Boolaroo Public School, a supermarket, shops and churches. Boolaroo is about 30 minutes’ drive from Lake Macquarie.

Metrics i HOUSE UNIT
$490,000 $143,000
-1.51% 0.00%
-0.51% N/A
6.57% N/A
$450 $380
44 14
4.78% 13.82%
60.5714285714286 N/A

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Very good (U)
Find a mortgage broker in Boolaroo NSW
Demographics
Total population 933
Median household income ($/weekly) 919
Median age of persons 40
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 124 13.3
    35-44 years 120 12.9
    45-54 years 128 13.7
    55-64 years 112 12.0
    65-74 years 99 10.6
    Others 350 37.5
    Age Group
    Census Count Percent(%)
    Not Married 364 49.4
    Registered Married 285 38.7
    Defacto Relationship 88 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 843 92.2
    Papua New Guinea 12 1.3
    Philippines 9 1.0
    United Kingdom 23 2.5
    Other 12 1.3
    Others 15 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 690 78.1
    No Religion 178 20.2
    Buddhism 9 1.0
    Australian Aboriginal Traditional Religions 3 0.3
    Other Religious Groups 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 43 12.2
    $400-$599 47 13.4
    $600-$799 50 14.2
    $1,000-$1,249 37 10.5
    $1,500-$1,999 39 11.1
    Others 136 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 321 42.1
    Employed, worked full-time 255 33.5
    Employed, worked part-time 126 16.5
    Employed, away from work 31 4.1
    Unemployed, looking for work 29 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 45 10.9
    Technicians & trades workers 93 22.6
    Clerical & administrative workers 62 15.1
    Machinery operators & drivers 45 10.9
    Labourers 59 14.4
    Others 107 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 19 10.8
    Infants/Primary 61 34.7
    Secondary 45 25.6
    Technical or Further Educational Institution 26 14.8
    University or other Tertiary Institutions 22 12.5
    Others 3 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 866 95.4
    Flat, unit or apartment 36 4.0
    House or flat attached to a shop, office 6 0.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 138 36.5
    Being purchased 132 34.9
    Rented 105 27.8
    Other tenure type 3 0.8
    Tenure Type
Census 2011, ABS
Chart Table