With a capital gain of -13.34% for the last 12 months, Boronia, 3155 has performed for property investments than its average annual 6.56% property growth over the last 5 years.
While Boronia,3155 ranked number 496th in VIC for increase in median house value (annualised) increase, it is ranked 310th over the last 5 years.
Property investors looking for a bargain in Boronia should be aiming for at least -7.94% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $407.5 and the average annual increase in value of a median property of 6.56%, investors should hope to achieve an overall return of 3.23%
At number 994th in the list of Australian suburbs ordered by increase in median house value over the last year, Boronia, 3155 is in the BOTTOM 40% with a property value increase of -5.73% recorded in median house prices.
A 36.69% growth in median value for property investors in Boronia,3155 puts this suburb at number 202th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.31% offered to property buyers. Sellers in Boronia itself are offering an average vendor discount of -7.00% to real estate investors.
Renters in Suburb are facing rents around $20020 per annum or $385 every week.