Investment property in Boronia has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.49%
While Boronia,3155 ranked number 403th in VIC for increase in median house value (annualised) increase, it is ranked 128th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Boronia is offering property investors an average of -5.00. This rate of discount on properties puts Suburb at number 301th in terms of most discounted suburbs in VIC
In the last year 293 properties changed hands in Boronia, which puts it as the 60th most active market in VIC when comparing the number of sales per suburb.
With a capital gain of 13.96% for the last 12 months, Boronia, 3155 has performed for property investments than its average annual 7.40% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Boronia has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Boronia itself are offering an average vendor discount of -2.86% to real estate investors.
Advertised rents are around the $355 mark per week – giving a return of 3.37% based on the median price in Suburb