Lake Boga is a small community in Victoria within the Swan Hill local government area (postcode 3584). With a population of 982, the suburb has a mature demographic with a median age of 45. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Lake Boga is $555,000, having surged 24.4% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,083.
Lake Boga is served by 1 school, including 1 primary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Swan Hill LGA is higher than average at 11,054 incidents per 100,000 population.
From an investment perspective, Lake Boga offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($555K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +24.4% year-on-year.
Lake Boga is a small community in Victoria within the Swan Hill local government area (postcode 3584). With a population of 982, the suburb has a mature demographic with a median age of 45. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Lake Boga is $555,000, having surged 24.4% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,083.
Lake Boga is served by 1 school, including 1 primary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Swan Hill LGA is higher than average at 11,054 incidents per 100,000 population.
From an investment perspective, Lake Boga offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($555K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +24.4% year-on-year.