Booragoon is a mid-sized suburb in Western Australia within the Melville local government area (postcode 6154). With a population of 5,684, the suburb has an established demographic with a median age of 43. Households earn a median income of $104K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Booragoon is $1.4 million, having surged 18.3% over the past year. Units have a median price of $700,000 (+21.7% YoY). The current median weekly rent is $715. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,500.
Booragoon is served by 1 school, including 1 primary. The average ICSEA score is 1121, which is well above the national average of 1,000. Public transport access includes 33 bus stops.
From an investment perspective, Booragoon offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.4M/$951K), placing it in the premium segment. The price-to-income ratio of 14.0x is considered stretched. House prices have moved +18.3% year-on-year.
Booragoon is a mid-sized suburb in Western Australia within the Melville local government area (postcode 6154). With a population of 5,684, the suburb has an established demographic with a median age of 43. Households earn a median income of $104K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Booragoon is $1.4 million, having surged 18.3% over the past year. Units have a median price of $700,000 (+21.7% YoY). The current median weekly rent is $715. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,500.
Booragoon is served by 1 school, including 1 primary. The average ICSEA score is 1121, which is well above the national average of 1,000. Public transport access includes 33 bus stops.
From an investment perspective, Booragoon offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.4M/$951K), placing it in the premium segment. The price-to-income ratio of 14.0x is considered stretched. House prices have moved +18.3% year-on-year.