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Boneo, VIC 3939
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,015,000
list-price estimate
Median Unit
$630,000
Gross Yield (units)
4.5%
1yr Growth
-
Investment snapshot for Boneo
Boneo has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Boneo market and investor summary
Boneo sits in VIC, postcode 3939. At 7.5% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 7.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market. Houses also take time to sell, around 216 days on market, so plan for a slower exit if you ever need one.
Living in Boneo: people, income and schools
Boneo has a resident population of roughly 314, a number that has held fairly steady over five years. At a median age of 52, it reads as an older, established demographic, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $94,000 a year (about $1,810 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 7 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Boneo sits about 66 km from the CBD. It is fairly car-dependent; the suburb scores 5 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 314
- +3% over 5yr
- Median age
- 52 years
- Median household income
- $94,000/yr
- Households renting
- 11%
- Family households
- 75%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 7
- avg ICSEA 1016
- Unemployment
- 6.0%
- Distance to CBD
- 66 km
- Walk score
- 5/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Boneo
No properties currently listed in Boneo
Search Boneo listings →Frequently asked questions about Boneo
What should I check before investing in Boneo?
Boneo has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Boneo?
The median property price in Boneo, VIC 3939 is $630K for units.
What rental yield does Boneo show?
The gross rental yield in Boneo is 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Boneo?
The current vacancy rate in Boneo is 7.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Boneo?
Boneo has a population of approximately 314 residents, with a median age of 52.
What schools are near Boneo?
There are 7 schools within roughly 5km of Boneo. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Boneo's population growing?
The population of Boneo has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Boneo from the CBD?
Boneo is about 66 km from the CBD.
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