Boronia is a large suburb in Victoria within the Knox local government area (postcode 3155). With a population of 23,607, the suburb has an established demographic with a median age of 39. Households earn a median income of $84K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Boronia is $850,000, having dipped slightly 0.6% over the past year. Units have a median price of $660,000 (+1.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,870.
Boronia is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1015, which is around the national average of 1,000. Public transport access includes 8 rail stations, 108 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Boronia offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($850K/$875K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved -0.6% year-on-year.
Boronia is a large suburb in Victoria within the Knox local government area (postcode 3155). With a population of 23,607, the suburb has an established demographic with a median age of 39. Households earn a median income of $84K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Boronia is $850,000, having dipped slightly 0.6% over the past year. Units have a median price of $660,000 (+1.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,870.
Boronia is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1015, which is around the national average of 1,000. Public transport access includes 8 rail stations, 108 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Boronia offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($850K/$875K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved -0.6% year-on-year.