Over the last year, property investments in Boolaroo, 2284 have given investors a capital gain of -6.40%. This compares averagely with the -4.21% for NSW as a whole.
A 24.18% growth in median value for property investors in Boolaroo,2284 puts this suburb at number 795th in terms of best performing suburbs in NSW
The most recent median price for Boolaroo is $435250, with sellers offering an average of -9.85% off the asking price.
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
The NSW suburb of Boolaroo, 2284 is in the Lake Macquarie (C) local government area.
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Significant growth in Lake Macquarie suburb
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.