Located in Victoria within the Wangaratta local government area, Boralma is a sparsely populated locality (postcode 3682). The area has roughly 79 residents and an established family demographic, with a median age of 43. Households earn a median income of $85K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% year-on-year at the LGA level. VIC 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. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 managers, technicians & trades, sales. Employment in the area leans toward agriculture and construction. The top ancestries reported are Australian, English, Irish.
The current median weekly rent is $450. The median monthly mortgage repayment is $1,517.
The crime rate in the Wangaratta LGA is higher than average at 9,523 incidents per 100,000 population.
From an investment perspective, Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.