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Boolaroo, NSW 2284

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Boolaroo, NSW 2284 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Boolaroo, NSW 2284”

  1. The total adult population (15 years or older) of Boolaroo 2284 NSW is 1,348, with a median age of 39. Of those, 41.10% are married, 18.77% are divorced or separated, 34.94% are single and 5.42% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,048. The median monthly mortgage repayment for households in this suburb is $1,907 which is 23.70% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of BOOLAROO 2284 is situated in New South Wales and is estimated to comprise around 1160 households. As of Q3 2023, typical house prices in BOOLAROO 2284 sit at $862,290, with a median weekly rent of $541. These figures produce an indicative yield of 3.26%, surpassing the minimum attractive market requirement of 3% for property investors who centre their strategies around cash flow.

    The locality boasts an IRSAD score of 956 out of 1217, revealing a relatively high socio-economic status of the local population, a positive attribute for potential property investors. The renter to owner ratio is 28%, remaining confidently below the 30% threshold, indicating less competition among landlords for tenants. To further this, the units to houses ratio in BOOLAROO 2284 is a low 11%, highlighting the favourable conditions for landlords and suggesting longer tenancy periods, often brought by families attracted to areas with fewer units.

    However, the affordability index for houses is at 42 years, which is above the standard 30-year mortgage term and can be seen as a sign of decreased affordability, which may deter potential home buyers.

    From the supply side, the stock on market Percentage for houses is only 0.28%, indicating a favourable low supply. Further, the inventory level for houses sits at a favourable 1.29 months, suggesting a robust market absorbency for new house listings. Additionally, the building approvals Ratio for houses is 0.55%, which is in a favourable range reflecting controlled new supply influx.

    In terms of market demand, houses in BOOLAROO 2284 average 347 days on the market, which indicates lower demand. However, this is offset by a very low vacancy rate of 0.92% indicating high demand, underlined by moderate online search activity with a buy search index score of 5 matching the city average.

    In a testament to the vitality of real estate investment in the locality of BOOLAROO 2284, these statistics suggest both favourable supply-demand dynamics and an attractive socio-economic environment. While some metrics such as affordability index and days on market fall into the unfavourable ranges, the majority of the indicators, especially the yield and stock on market Percentage, position BOOLAROO 2284 as a promising market for property investment, bearing in mind the ongoing importance of tracking market trend developments.

    The RCS (Relative Composite Score) metric developed by HtAG Analytics may provide an even more detailed and comprehensive picture using over 80 metrics. Invest wisely!

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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