Booragul (postcode 2284) is a small locality in New South Wales within the Lake Macquarie local government area. It is home to about 1,623 residents, with an older-leaning population and a median age of 51. Households earn a median income of $58K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, technicians & trades, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Booragul stand at $875,000, having surged by 11.3% over the last twelve months. The current median weekly rent is $750. This gives a gross rental yield of approximately 4.5%. 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 3,436 incidents per 100,000 population.
Looking at the investment signals, Booragul shows a gross rental yield of approximately 4.5%, rated as moderate yield. Property prices sit below the state median ($875K/$1.5M), which can point to relative value. The price-to-income ratio of 15.1x is considered stretched. House prices have moved +11.3% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.