Suburb Profile Report for Boolarra VIC (3870)

Boolarra House: Median price $280,000, Annual capital growth 8.01%, Number of sales 13, Weekly median advertised rent $280

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

VIC has seen average median house prices change by 6.28% which means that Boolarra, 3870 has done well for property investors by showing a capital gain of 21.74% over the last year

Boolarra,3870 was ranked 530 in Australia by increase in median property value over the quarter.

Vendor discounting in Boolarra is giving property investors an average Vendor Discount of around -3.86%. This puts suburb at number 550th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Boolarra the average time real estate has been on the market is 94 days.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 8.01%, investors should hope to achieve an overall return of 5.20%

Metrics i HOUSE UNIT
$280,000 N/A
5.16% N/A
21.74% N/A
8.01% N/A
$280 N/A
13 N/A
5.20% N/A
94 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Above average (H), Above average (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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Recent sales & rentals