Located in Victoria within the Swan Hill local government area, Lake Boga is a small community (postcode 3584). With a population of 982, the suburb has a settled, mature resident base with a median age of 45. Households earn a median income of $74K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
The median house price in Lake Boga is $555,000, having surged by 24.4% over the past year. The current median weekly rent is $430. This gives a gross rental yield of approximately 4.0%. 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, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($555K/$875K), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +24.4% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.