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Boorool, VIC 3953
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$760,000
list-price estimate
Median Unit
$425,000
list-price estimate
Gross Yield (houses)
2.0%
1yr Growth
-
Investment snapshot for Boorool
Boorool has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Boorool market and investor summary
In Boorool, VIC 3953, houses show a gross rental yield of 2.0%. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.0% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking. Houses also take time to sell, around 273 days on market, so plan for a slower exit if you ever need one.
Living in Boorool: people, income and schools
Boorool has a resident population of roughly 54, a number that has held fairly steady over five years. The median age is 52, an older, established demographic, and families account for 83% of households.
Households here earn a median of about $73,000 a year, or roughly $1,400 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 54
- +2% over 5yr
- Median age
- 52 years
- Median household income
- $73,000/yr
- Households renting
- 24%
- Family households
- 83%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Boorool
No properties currently listed in Boorool
Search Boorool listings →Frequently asked questions about Boorool
What should I check before investing in Boorool?
Boorool has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Boorool show?
The gross rental yield in Boorool is 2.0% for houses. 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 Boorool?
The current vacancy rate in Boorool is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Boorool?
Boorool has a population of approximately 54 residents, with a median age of 52.
Is Boorool's population growing?
The population of Boorool has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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