Boronia Heights

POSTAL CODE: QLD, 4124

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 44.46% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $809,000

The augmented property values in the suburb are trailing above the territorial average of 12.37% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $590.

Home owners selling their properties and realtors in BORONIA HEIGHTS usually have to wait an average of 23.5 days days before their assets are lifted off the market.

The QLD suburb ranks 381st on the list of best yielding suburbs for rental properties in QLD, posting a 3.79% return.

It also places places 366th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 14.26% over the last 12 months in BORONIA HEIGHTS, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that BORONIA HEIGHTS, 4124 obtained a 20.09% growth over a ten-year period. It ranks 1286th on our list of suburbs that property investors should look into.

BORONIA HEIGHTS, 4124 has a capital gain of 14.26% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in BORONIA HEIGHTS sitting at $665,000, and the average rent at $545, property owners could potentially earn a 4.26% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BORONIA HEIGHTS are high, as opposed to average gains per annum over the past five years.

BORONIA HEIGHTS, 4124 in QLD belongs to the local government area of Logan.

Surburb overview

Boronia Heights is a sleepy suburb bounded by Park Ridge to its right and Greenbank to its left. It belongs to the local government area of Logan City in Queensland.

Boronia Heights was proclaimed as a suburb in 1991, and was named after its first residential community. It is the perfect take-off point for a day hike at the Boronia Heights Bushland Reserve for kangaroo sightings, to observe the beauty of the flora endemic to the region, or amble along forest paths that are often interrupted by meandering, crystal-clear streams.

Thriving real estate

Boronia Heights may be new in the real estate game, but it has all the trappings of an established neighbourhood. Within reach are a school, several shopping centres, parks and leisure spaces, and various transport links to the city. Family living is at the heart of its amenities and locals take pride in its childcare facilities, ample picnic areas and walking tracks.

Boronia Heights real estate listings feature a mix of old properties and houses being sold off the plan in new residential developments. Anything from full turnkey house and land packages to vacant lots is being offered to prospective buyers. Land values and median home prices in Boronia Heights are on an uptick, pulled up by Logan’s healthy real estate environment.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$809,000	$665,000
Growth Report
Median Quarterly	4.05%	0%
Median 12 month	14.75%	14.26%
Median 3 years	44.46%	86.38%
Median 5 years	122.25%	0%
10 years average annual	10.08%	20.09%
Weekly media advert. rent	$590	$545
Time on Market	23.5 days	N/A
Gross Rental Yield Percent	3.79%	4.26%

Demographics (Median Values)*

Total Population 7490

Weekly Household Income 959.5

Household Size 2.90

Average Age 30

Monthly Loan Repayment 1148

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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