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Booval, QLD 4304

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong GrowthWalkable

Median House

$805,000

market range $775K-$850K

Median Unit

$660,000

market range $600K-$775K

Gross Yield (houses)

3.7%

1yr Growth (houses)

+23.5%

market range +15.0% to +27.5%

Investment snapshot for Booval

Booval has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Booval market and investor summary

In Booval, QLD 4304, the median house sells for around $805K, on a gross rental yield of 3.7% for houses. House prices have moved +23.5% over the past year and +62.8% over three years. At 0.9% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.

Living in Booval: people, income and schools

Booval has a resident population of roughly 2,723, a number that has held fairly steady over five years. At a median age of 43, it reads as skewed a little older, with renters making up 52% of households.

The typical household income runs to around $52,000 a year (about $990 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 15.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.

Families have 32 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Booval sits about 28 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 70 for walkability and 23 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.

Population
2,723
+5% over 5yr
Median age
43 years
Median household income
$52,000/yr
Households renting
52%
Family households
51%
Socio-economic rank
1/10
ABS advantage index
Schools within 5km
32
avg ICSEA 957
Unemployment
6.3%
Distance to CBD
28 km
Walk score
70/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Booval

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Frequently asked questions about Booval

What should I check before investing in Booval?

Booval has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +23.5% in the past year shows strong recent price momentum. 3-year capital growth of +62.8% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Booval?

The median property price in Booval, QLD 4304 is $805K for houses and $660K for units.

What rental yield does Booval show?

The gross rental yield in Booval is 3.7% for houses and 3.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Booval?

House prices in Booval are up 23.5% over the past year and up 62.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Booval?

The current vacancy rate in Booval is 0.9%. 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 Booval?

Booval has a population of approximately 2,723 residents, with a median age of 43.

What schools are near Booval?

There are 32 schools within roughly 5km of Booval. 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 Booval affordable to buy in?

A median house in Booval costs about 15.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Booval's population growing?

The population of Booval has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Booval from the CBD?

Booval is about 28 km from the CBD.

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