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Borung, VIC 3518
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$455,000
list-price estimate
Median Unit
$235,000
list-price estimate
Gross Yield (houses)
3.2%
1yr Growth
-
Investment snapshot for Borung
Borung has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Borung market and investor summary
In Borung, VIC 3518, houses show a gross rental yield of 3.2%. At 4.8% 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 3.2% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 159 days on market, so plan for a slower exit if you ever need one.
Living in Borung: people, income and schools
About 59 people live in Borung, a number that has held fairly steady over five years. The median age is 50, an older, established demographic, and families account for 64% of households.
Households here earn a median of about $59,000 a year, or roughly $1,130 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). Incomes have risen about 31% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 59
- +1% over 5yr
- Median age
- 50 years
- Median household income
- $59,000/yr
- Households renting
- 11%
- Family households
- 64%
- Socio-economic rank
- 1/10
- ABS advantage index
- Unemployment
- 5.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Borung
No properties currently listed in Borung
Search Borung listings →Frequently asked questions about Borung
What should I check before investing in Borung?
Borung has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What rental yield does Borung show?
The gross rental yield in Borung is 3.2% 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 Borung?
The current vacancy rate in Borung is 4.8%. 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 Borung?
Borung has a population of approximately 59 residents, with a median age of 50.
Is Borung's population growing?
The population of Borung has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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