Boolarra is a small community in Victoria within the Latrobe (Vic.) local government area (postcode 3870). With a population of 1,023, the suburb has a mature demographic with a median age of 50. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Boolarra is $450,000, having surged 26.8% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,083.
Boolarra is served by 1 school, including 1 primary. The average ICSEA score is 951, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Boolarra offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +26.8% year-on-year.
Boolarra is a small community in Victoria within the Latrobe (Vic.) local government area (postcode 3870). With a population of 1,023, the suburb has a mature demographic with a median age of 50. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Boolarra is $450,000, having surged 26.8% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,083.
Boolarra is served by 1 school, including 1 primary. The average ICSEA score is 951, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Boolarra offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +26.8% year-on-year.