Suburb Profile Report for Lake Boga VIC (3584)

Lake Boga House: Median price $249,500, Annual capital growth 8.66%, Number of sales 18, Weekly median advertised rent N/A

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in Lake Boga, 3584 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 23.21%.

Over the longer term, Lake Boga has seen property prices show investors a -1.19% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Lake Boga is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 493th in terms of most discounted suburbs in VIC

Metrics i HOUSE UNIT
$249,500 N/A
-4.04% N/A
23.21% N/A
8.66% N/A
N/A N/A
18 N/A
N/A N/A
61.3846153846154 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 719
Median household income ($/weekly) 815
Median age of persons 41
Median housing loan repayment ($/monthly) 888
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 91 12.7
    35-44 years 86 12.0
    45-54 years 95 13.2
    55-64 years 108 15.0
    65-74 years 96 13.4
    Others 242 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 287 54.7
    Not Married 184 35.0
    Defacto Relationship 54 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 616 92.1
    Croatia 8 1.2
    Japan 10 1.5
    Malta 4 0.6
    United Kingdom 16 2.4
    Others 15 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 431 68.2
    No Religion 189 29.9
    Buddhism 7 1.1
    Other Religious Groups 5 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 25 10.1
    $400-$599 48 19.4
    $600-$799 39 15.8
    $800-$999 27 10.9
    $1,000-$1,249 33 13.4
    Others 75 30.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 209 38.8
    Employed, worked full-time 190 35.3
    Employed, worked part-time 97 18.0
    Employed, away from work 31 5.8
    Unemployed, looking for work 11 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 42 13.2
    Professionals 41 12.9
    Technicians & trades workers 50 15.8
    Community & personal service workers 43 13.6
    Labourers 38 12.0
    Others 103 32.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 55 49.5
    Secondary 31 27.9
    Technical or Further Educational Institution 11 9.9
    University or other Tertiary Institutions 8 7.2
    Pre-school 6 5.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 658 97.9
    Semi-detached, row or terrace house, townhouse 8 1.2
    Flat, unit or apartment 3 0.4
    Caravan, cabin, houseboat 3 0.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 121 44.5
    Being purchased 92 33.8
    Rented 56 20.6
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
Chart Table