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Investment Property Boronia, VIC, 3155

Suburb Snapshot

Boronia is a suburb in the Knox Region of Victoria. Boronia has a population of 22,196 people and 23.71% of its occupants live in rental accommodation. The median listing price for houses is $790,000 and this has changed 1.28% over the past year and changed 2.59% over 2 years.

The median rent in Boronia for houses is $550 per week and the median rental yield is 3.62%. Stock on the market for houses/townhouses has changed -3.57% compared to last year and the average time to sell a house/townhouse is 60 days.The median listing price for units is $590,000 and this has changed 0.42% over the past year. The average unit takes 51 days to sell and the median rent for a unit in Boronia is $495 per week, producing a rental yield of 4.36%.

Supply & Demand in Boronia, Knox

0.70%

Current vacancy rate


76

Rental stock available


22,196

Population


23.71%

Rental population


0.58%

Current vacancy rate


374

Rental stock available


154,106

Population


18.86%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Boronia, Knox

  House Townhouses Units
Median listing price $790,000 $677,500 $590,000
Median price change - last quarter 1.28% 0.00% 0.84%
Median price change - 1 year 1.28% -0.37% 0.42%
Median price change - 2 years 2.59% 0.37% 5.35%
  House Townhouses Units
Median weekly rent $550 $575 $495
Median yield % 3.62% 4.41% 4.36%
Median rent change - 1 year 10.00% 10.57% 12.50%
  House Units
Previous month sales 33 10
Stock on market previous month 81 37
Stock variance vs. last year -3.57% 2.78%
Average days on market 60 51

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