Property value increases in Boronia have tracked close to the VIC average of 10.47% over the last 12 months.
While Boronia,3155 ranked number 381th in VIC for increase in median house value (annualised) increase, it is ranked 154th over the last 5 years.
Sellers are offering property buyers an average discount of -4.27% to buyers in Boronia at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 25.58 sales per month, which equates to 307 per year.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
Property value increases in Boronia have tracked just higher than the VIC average of 8.22% over the last 12 months.
While Boronia,3155 ranked number 253th in VIC for increase in median house value (annualised) increase, it is ranked 42th over the last 5 years.
At number 251th of VIC’s most discounted properties, Boronia is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.17%, investors should hope to achieve an overall return of 3.27%