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Boronia
AREA REPORTS

Boronia

Boronia - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3155

house
unit

Property investors enjoyed capital gains of 18.06% over the last 12 months in BORONIA, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.42% growth over a ten-year period. It ranks 1229th on our list of suburbs that property investors should look into.

BORONIA, 3155 has a capital gain of 18.06% for the past year, which is higher than average compared to its 34.39% growth within a five-year period.

With the median home price in BORONIA sitting at $850,000, and the average rent at $425, property owners could potentially earn a 2.6% increase in gross rental yield.

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

BORONIA, 3155 in VIC belongs to the local government area of Knox (C).

Data report can be found below

Boronia
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $850,000 $658,750
GROWTH REPORT
Median Quarterly 3.66% 2.85%
Median 12 month 18.06% 13.38%
Median 3 years 22.08% 16.8%
Median 5 years 34.39% 35.82%
10 years average annual 7.42% 6.39%
Weekly media advert. rent $425 $390
Time on Market 29.3 days 32.8 days
Gross Rental Yield Percent 2.6% 3.08%
demographics (median values)*
Total Population
22195
Weekly Household Income
1318
Household Size
2.40
Age
38
Monthly Loan Repayment
1690
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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