Boolaroo is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 1,636, the suburb has an established demographic with a median age of 39. Households earn a median income of $78K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Boolaroo is $1.2 million, having surged 20.1% over the past year. Units have a median price of $780,000 (+183.6% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,907.
Boolaroo is served by 1 school, including 1 primary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 1 rail station, 11 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Boolaroo offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 15.3x is considered stretched. House prices have moved +20.1% year-on-year.
Boolaroo is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 1,636, the suburb has an established demographic with a median age of 39. Households earn a median income of $78K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Boolaroo is $1.2 million, having surged 20.1% over the past year. Units have a median price of $780,000 (+183.6% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,907.
Boolaroo is served by 1 school, including 1 primary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 1 rail station, 11 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Boolaroo offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 15.3x is considered stretched. House prices have moved +20.1% year-on-year.