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Boorowa, NSW 2586

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 Boorowa, NSW 2586 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Boorowa, NSW 2586”

  1. The total adult population (15 years or older) of Boorowa 2586 NSW is 1,553, with a median age of 50. Of those, 52.16% are married, 12.69% are divorced or separated, 27.56% are single and 7.86% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,976. The median monthly mortgage repayment for households in this suburb is $1,250 which is 17.92% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Boorowa, postcode 2586, is nestled in the state of New South Wales and is projected to comprise around 1056 households as of Q3 2023. The property market for houses in Boorowa presents mixed metrics for investors and buyers.

    Typical prices for houses in Boorowa currently settle around the $575,100 mark. With a median weekly rent of $333, the area brings forth an indicative yield of 3.01%, which is just above the commonly attractive market requirement for cashflow-centric property investors. This suggests that Boorowa could be an appealing prospect for investors prioritising steady rental yield.

    In terms of socio-economic indicators, Boorowa scores 953 out of 1217 on the IRSAD metrics. This score indicates reasonably good socio-economic conditions in the suburb. With a renter to owner ratio of 20%, the market is not oversaturated with rental properties, which may provide less competition for property investors and potentially yield higher returns in the long term.

    The units to houses ratio stands at just 1%, showcasing a market strongly favouring houses over units. This could be an appealing feature for those targeting long-term tenants and families, who generally prefer houses over units.

    However, the area’s affordability index is less favourable, coming in at an estimated 32 years to fully own a property. This exceeds the usual threshold, hinting at decreased affordability. For buyers, this suggests a longer journey towards property ownership, though investors may see potential for substantial capital gains.

    Turning to supply metrics, the suburban landscape of Boorowa exhibits a relatively low supply. stock on market percentage for houses is just 0.21%, indicating a market that isn’t heavily saturated. Correspondingly, the inventory level for houses sits at 2.4 months, further validating a low-supply environment.

    Building approvals ratio for houses is a meagre 0.1%, implying limited increase in housing stock in the near future and potentially reducing the risk of market oversaturation.

    However, demand metrics are less promising. Average days on the market for houses are relatively high at 104 days, signalling a lower demand. Additionally, the vacancy rate, across both houses and units, stands at 4.29%, hinting at a bit of struggle to find tenants.

    The buy search index for houses in Boorowa is 3, hovering just at the lower limit of the neutral range, suggesting a slower rate of online real estate enquiries. This could indicate limited buyer interest in the short term.

    As with any real estate investment, it’s crucial to examine and interpret these metrics in the broader context of local market conditions and trends. Though some metrics like affordability index and days on market could be a bit of concern, the trend these metrics will take is equally important. Remember, a suburban market landscape can quickly evolve due to various factors like changes in local policies, economic factors, demographic changes, etc. It should be okay if a few metrics are in the unfavourable range presently as long as the majority are favourable.

    HtAG Analytics’ Relative Composite Score (RCS) could be a handy tool for investors to consider as it integrates over 80 metrics for a comprehensive analysis of the property market landscape. It’s an automated way to stay updated and informed to make profitable investment decisions.

    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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