Boorolong is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 71, the suburb has a mature demographic with a median age of 46. Households earn a median income of $81K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Boorolong is $730,000, having dropped significantly 97.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.4%.
Public transport access includes 20 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Boorolong offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($730K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -97.4% year-on-year.
Boorolong is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 71, the suburb has a mature demographic with a median age of 46. Households earn a median income of $81K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Boorolong is $730,000, having dropped significantly 97.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.4%.
Public transport access includes 20 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Boorolong offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($730K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -97.4% year-on-year.