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Boronia, VIC 3155
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$890,000
market range $850K-$975K
Median Unit
$710,000
market range $675K-$750K
Gross Yield
-
1yr Growth (houses)
+4.6%
market range -2.5% to +10.0%
Investment snapshot for Boronia
Boronia has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Boronia market and investor summary
Boronia (VIC 3155) runs a median house price of $890K. House prices have moved +4.6% over the past year and +4.0% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking.
Living in Boronia: people, income and schools
Boronia has a resident population of roughly 23,607, a number that has held fairly steady over five years. The median age is 39, broadly working-age, and families account for 68% of households.
Households here earn a median of about $84,000 a year, or roughly $1,620 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
There are 39 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 29 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 61 for walkability and 97 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 23,607
- +4% over 5yr
- Median age
- 39 years
- Median household income
- $84,000/yr
- Households renting
- 28%
- Family households
- 68%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 39
- avg ICSEA 981
- Unemployment
- 5.9%
- Distance to CBD
- 29 km
- Walk score
- 61/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Boronia
View all →Frequently asked questions about Boronia
What should I check before investing in Boronia?
Boronia has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.6% in the past year shows positive recent price momentum. Tight rental market (1.5% 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 are typical property prices in Boronia?
The median property price in Boronia, VIC 3155 is $890K for houses and $710K for units.
What does recent house price growth show for Boronia?
House prices in Boronia are up 4.6% over the past year and up 4.0% 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 Boronia?
The current vacancy rate in Boronia is 1.5%. 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 Boronia?
Boronia has a population of approximately 23,607 residents, with a median age of 39.
What schools are near Boronia?
There are 39 schools within roughly 5km of Boronia. 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 Boronia affordable to buy in?
A median house in Boronia costs about 10.6 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 Boronia's population growing?
The population of Boronia has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Boronia from the CBD?
Boronia is about 29 km from the CBD.
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