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Boorolite, VIC 3723
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$870,000
list-price estimate
Median Unit
$485,000
Gross Yield (houses)
3.0%
1yr Growth
-
Investment snapshot for Boorolite
Boorolite has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Boorolite market and investor summary
In Boorolite, VIC 3723, houses show a gross rental yield of 3.0%. At 13.6% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 13.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 261 days on market, so plan for a slower exit if you ever need one.
Living in Boorolite: people, income and schools
Boorolite is home to around 166 people, and the area has been growing steadily, up about 12% over five years. The median age is 50, an older, established demographic, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $98,000 a year, or roughly $1,880 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 166
- +12% over 5yr
- Median age
- 50 years
- Median household income
- $98,000/yr
- Households renting
- 17%
- Family households
- 80%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Boorolite
No properties currently listed in Boorolite
Search Boorolite listings →Frequently asked questions about Boorolite
What should I check before investing in Boorolite?
Boorolite has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 9.0%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Boorolite?
The median property price in Boorolite, VIC 3723 is $485K for units.
What rental yield does Boorolite show?
The gross rental yield in Boorolite is 3.0% for houses and 9.0% 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 Boorolite?
The current vacancy rate in Boorolite is 13.6%. 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 Boorolite?
Boorolite has a population of approximately 166 residents, with a median age of 50.
Is Boorolite's population growing?
The population of Boorolite has grown about 12% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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