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Booval, QLD 4304

Home » QLD Real Estate Data » Ipswich City, QLD » Booval, QLD 4304

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 Booval, QLD 4304 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.

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Yield 

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Buy 

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Rent 

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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 “Booval, QLD 4304”

  1. The total adult population (15 years or older) of Booval 4304 QLD is 2,329, with a median age of 43. Of those, 27.69% are married, 20.01% are divorced or separated, 44.05% are single and 7.99% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,544. The median monthly mortgage repayment for households in this suburb is $1,300 which is 23.45% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of BOOVAL, postcode 4304, resides in the state of Queensland (QLD), boasting an estimated total of 1642 households. As the third quarter of 2023 unfolds, the typical house prices in BOOVAL 4304 are setting at $506,926, accompanied by a median weekly rent of $360. This summates to an indicative yield of approximately 3.69%, which is slightly above the minimum market attractiveness for cash flow-centred property investors.

    When exploring the socio-economic landscape, the suburb has an IRSAD score of 843 out of a maximum of 1217. This score reveals that the residents of BOOVAL, on average, have moderate access to economic resources, moderate income levels, and a high proportion of skilled professions. Unfortunately, the renter to owner ratio is a tad high, sitting at 52%, which may indicate a market oversaturated with rental properties and could increase competition for property investors.

    Fortunately, the units to houses ratio is quite low, standing at 12%. This suggests a favourable market for landlords as there is less competition for tenants, potentially securing longer tenancy periods and maintaining higher rental yields. Although, it is essential to mention that the affordability index is relatively high; it estimates that it may take up to 36 years to fully own a house in this area.

    Coming to the metrics that gauge the supply in the market, the stock on market Percentage for houses is promisingly low, at 0.39%. This low metric along with the inventory level of a mere 0.94 months suggests a low supply market which can be favourable for property investors eyeing capital gains. Furthermore, the building approvals Ratio for houses is a minuscule 0.08%, indicating not much influx of new inventory into the local market.

    On to demand metrics, the average days on market for houses is relatively high, standing at 188 days, indicating a rather temporal sluggishness in demand. However, a low vacancy rate of 0.94%, amalgamated for both houses and units, showcases a high demand sphere with fewer properties left unoccupied. The buy search index for houses is at the mark of 5, indicating that the demand is in line with the state/city average.

    It is worth noting that while several metrics presented above are favourable, it is also well-illustrated that there exist few challenging metrics for our beloved property investors. Markets are intricate, and therefore it’s vital to have a well-balanced view and to consider these information and trends in your real estate investment decisions. Let the inventive Relative Composite Score developed by HtAG Analytics accompany you, automating your research with over 80 metrics to ensure a well-informed investment.

    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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