Suburb Profile Report for Boolaroo NSW (2284)

Boolaroo House: Median price $503,000, Annual capital growth 6.11%, Number of sales 30, Weekly median advertised rent $443

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Investment property in Boolaroo has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.95%

Taking the average capital gain, or increase in median house value, Boolaroo,2284 has racked up an average of 9.95% over the period. This ranks it number 1392th in the whole country for real estate investors looking at median house price increases.

With the median price for a house in Boolaroo being $503000 and the advertised rent reaching $442.5 the gross rental yield for property investors calculates out to be 4.57%

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
$503,000 N/A
9.35% N/A
9.95% N/A
6.11% N/A
$443 N/A
30 N/A
4.57% N/A
70.8333333333333 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Below average (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