Borallon (postcode 4306) is a sparsely populated locality in Queensland within the Somerset local government area. With a population of 90, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $106K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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 technicians & trades, clerical & administrative, managers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, German.
The median weekly rent is $305 (Census 2021). The median monthly mortgage repayment is $2,167.
The crime rate in the Somerset LGA is moderate at 4,695 incidents per 100,000 population.
From an investment perspective, Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.