Goongerah vs Lake Boga
Property investment comparison - Goongerah, VIC 3888 vs Lake Boga, VIC 3584
Head-to-head across core investment metrics: Goongerah wins 2, Lake Boga wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Goongerah | Lake Boga |
|---|---|---|
| Median house price | $370K | $370K |
| Median unit price | - | $415K |
| Gross rental yield (houses) | 5.99% | 5.83% |
| Gross rental yield (units) | - | 5.87% |
| 1-year house growth | - | +7.9%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.8% | 1.1% |
| Population | 31 | 982 |
Goongerah vs Lake Boga: what the numbers say
Houses cost about the same in both suburbs: the median house price is $370K in Goongerah and $370K in Lake Boga.
On cash flow, Goongerah leads: houses there return a gross rental yield of 5.99%, compared with 5.83% in Lake Boga, a gap of 0.16 percentage points.
Rental vacancy is 0.8% in Goongerah and 1.1% in Lake Boga, so landlords in Goongerah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lake Boga is the bigger suburb, with a population of 982 against 31, roughly 32 times the size of Goongerah; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Goongerah for rental income, Goongerah for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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