Suburb Profile Report for Boolarra VIC (3870)

Boolarra House: Median price $232,000, Annual capital growth 1.70%, Number of sales 13, Weekly median advertised rent N/A

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 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 Boolarra, 3870 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -17.14%.

While Boolarra,3870 ranked number 505th in VIC for increase in median house value (annualised) increase, it is ranked 616th over the last 5 years.

Vendor discounting in Boolarra is giving property investors an average Vendor Discount of around -4.41%. This puts suburb at number 545th in VIC when ranking the most discounted suburbs.

Situated 130.62km from the CBD, Boolarra is one of Latrobe (C) (Vic.) localities in the postcode 3870.

Metrics i HOUSE UNIT
$232,000 N/A
-0.64% N/A
-17.14% N/A
1.70% N/A
N/A N/A
13 N/A
N/A N/A
65 N/A

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 1003
Median household income ($/weekly) 910
Median age of persons 45
Median housing loan repayment ($/monthly) 876
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 112 11.2
    35-44 years 113 11.3
    45-54 years 192 19.1
    55-64 years 182 18.1
    65-74 years 90 9.0
    Others 314 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 380 50.4
    Not Married 299 39.7
    Defacto Relationship 75 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 857 87.3
    Greece 12 1.2
    New Zealand 13 1.3
    Papua New Guinea 14 1.4
    United Kingdom 47 4.8
    Others 39 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 523 57.2
    No Religion 373 40.8
    Buddhism 12 1.3
    Other Religious Groups 6 0.7
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 49 13.9
    $600-$799 38 10.8
    $800-$999 40 11.4
    $1,000-$1,249 32 9.1
    $1,500-$1,999 42 11.9
    Others 151 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 334 41.0
    Employed, worked full-time 259 31.8
    Employed, worked part-time 143 17.6
    Unemployed, looking for work 47 5.8
    Employed, away from work 31 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 62 14.3
    Professionals 54 12.4
    Technicians & trades workers 85 19.5
    Community & personal service workers 55 12.6
    Labourers 67 15.4
    Others 112 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 18 8.4
    Infants/Primary 63 29.4
    Secondary 77 36.0
    Technical or Further Educational Institution 31 14.5
    University or other Tertiary Institutions 19 8.9
    Others 6 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 918 97.6
    Flat, unit or apartment 12 1.3
    Caravan, cabin, houseboat 11 1.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 170 44.9
    Being purchased 167 44.1
    Rented 42 11.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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