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Boronia

POSTAL CODE: VIC, 3155
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Property investors enjoyed capital gains of 4.64% 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 4.79% growth over a ten-year period. It ranks 3213th on our list of suburbs that property investors should look into.

BORONIA, 3155 has a capital gain of 4.64% for the past year, which is higher than average compared to its 22.95% growth within a five-year period.

With the median home price in BORONIA sitting at $880,000, and the average rent at $600, property owners could potentially earn a 3.55% 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.

Surburb overview

Boronia is an outer-eastern suburb of Melbourne located within the City of Knox at the base of the Dandenong Ranges. The suburb is situated approximately 29 kilometres east of the Melbourne central business district and is bordered by Bayswater, The Basin, Ferntree Gully and Wantirna.

Boronia recorded a population of around 23,000 residents at the 2021 census, making it one of the larger residential suburbs in the municipality. The demographic profile includes families, professionals, older residents and a growing number of smaller households, with a median age close to the metropolitan average.

Housing in Boronia is diverse, comprising detached houses, townhouses and an increasing number of low- and mid-rise apartment developments, particularly near the town centre. Residential density is highest around transport nodes and activity areas, while outer streets retain a more traditional suburban form.

Public transport access is a defining feature, with Boronia railway station located on the Belgrave line. The station provides direct train services to the Melbourne CBD and eastern suburbs and is supported by a bus interchange connecting surrounding neighbourhoods.

Road access is supported by Mountain Highway, Boronia Road and Dorset Road, which facilitate east–west and north–south travel across Melbourne’s outer east. EastLink is accessible nearby, improving connections to employment hubs across the eastern corridor.

Boronia’s town centre is a key local hub, featuring Boronia Mall, supermarkets, specialty retailers, cafés, medical clinics, and professional services. The centre also includes community facilities and public spaces that support local services and employment.

Educational facilities in and around Boronia include several primary and secondary schools, as well as access to TAFE and tertiary institutions in neighbouring suburbs.

Recreational amenities include Boronia Park, Tormore Reserve and access to shared walking and cycling trails that link to the Dandenong Creek corridor. Proximity to the Dandenong Ranges provides additional opportunities for bushwalking and nature-based recreation.

Employment among residents spans retail, health care, education, trades and professional services, with many working locally or commuting to other parts of Melbourne.

Boronia’s combination of rail access, local services and proximity to natural landscapes defines its role as a significant residential and activity suburb in Melbourne’s outer east.

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