Boorooma is a small community in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 1,741, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $125K per year, with an average household size of 3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Boorooma is $838,000, having surged 16.3% over the past year. Units have a median price of $655,000. The current median weekly rent is $560. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,950.
Public transport access includes 12 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Boorooma offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($838K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +16.3% year-on-year.
Boorooma is a small community in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 1,741, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $125K per year, with an average household size of 3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Boorooma is $838,000, having surged 16.3% over the past year. Units have a median price of $655,000. The current median weekly rent is $560. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,950.
Public transport access includes 12 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Boorooma offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($838K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +16.3% year-on-year.