Booragul is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 1,623, the suburb has a mature demographic with a median age of 51. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Booragul is $650,000, having dropped significantly 25.3% over the past year. Units have a median price of $380,000 (+2.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,636.
Booragul is served by 4 schools, including 1 primary, 2 secondary, 1 special. The average ICSEA score is 943, which is below the national average of 1,000. Public transport access includes 1 rail station, 20 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, Booragul offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($650K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.2x is considered stretched. House prices have moved -25.3% year-on-year.
Booragul is a small community in New South Wales within the Lake Macquarie local government area (postcode 2284). With a population of 1,623, the suburb has a mature demographic with a median age of 51. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Booragul is $650,000, having dropped significantly 25.3% over the past year. Units have a median price of $380,000 (+2.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,636.
Booragul is served by 4 schools, including 1 primary, 2 secondary, 1 special. The average ICSEA score is 943, which is below the national average of 1,000. Public transport access includes 1 rail station, 20 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, Booragul offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($650K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.2x is considered stretched. House prices have moved -25.3% year-on-year.