Boroondara City, VIC

Boroondara is a local government area in the state of Victoria, situated in Melbourne’s eastern suburbs. The LGA is well served by public transport, with several train stations and tram routes in the area. It is home to a large number of professionals and young families. The Boroondara property market is a high-demand, low-supply market. The market is especially competitive for properties in the inner city suburbs.

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The LGA is home to many high-profile businesses and major corporations, and is a popular destination for tourists and shoppers. The local economy is based largely on services and retail, with a strong emphasis on luxury goods and high-end fashion. There is also a significant manufacturing sector, and the area is home to several major industrial parks.

There is a large concentration of jobs in the area, and the unemployment rate is below the national average. The population is affluent and highly educated, and the local economy is highly diversified.

Professionals account for 39.4 % of employment in Boroondara, followed by managers at 18.8 %, clerical and administrative workers at 12.6 %, sales workers at 9.1 %, and community and personal service workers at 8.1 %. Boroondara’s typical weekly personal income for residents aged 15 years and older is $869.

The area has a mix of residential, commercial and industrial areas. In Boroondara, 56.1 % of occupied private homes are detached houses, 20.5 % are semi-detached, row or terrace houses, townhouses, and similar structures, 22.8 % are flats or apartments, and 0.3 % are other housing.

When it comes to property investment, it is always important to do your research first. Look into the current market trends and what is happening in the area that you are interested in. It is also important to consider your budget and what you can afford.

Use the interactive dashboard below to help you narrow down Boroondara suburbs that best fit your budget and strategy.

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Capital Growth Heatmap

Property Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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Property Market in Boroondara City, VIC

What other property markets are there near Boroondara City, VIC?

Boroondara City is surrounded by 5 other council areas – Yarra, Monash, Manningham, Whitehorse, Stonnington.

How many people live in Boroondara City, VIC?

There are approximately 167000 people living in roughly 69000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in Boroondara City, VIC?

Notable infrastructure projects include Alamein Neighbourhood and Learning Centre renewal, Ashburton Seniors Centre Redevelopment, Balwyn Community Centre site upgrade, Boroondara Commuter Car Park project, Camberwell Community Centre redevelopment, Gordon Barnard Reserve fenced dog play area, Ignite Café outdoor dining improvements.

What major retailers are there in Boroondara City, VIC?

The main retail centres are Camberwell Shopping Precinct, HomeCo Hawthorn East, Chadstone – The Fashion Capital, Bonds Outlet Camberwell.

What is the main industry in Boroondara City, VIC?

Such sectors as Professional, Scientific and Technical Services, Health Care and Social Assistance, Retail Trade, Financial and Insurance Services make up the largest part of the employment.

What are the dominant demographic groups in Boroondara City, VIC?

Among approximately 167000 people in Boroondara City males and females make roughly 48% and 52% respectively. The median age of people is 38 years. Children aged 0-14 years account for approximately 17% of the population, and those aged 65+ years account for16 %.

How is unemployment rate trending in Boroondara City, VIC?

Among approximately 87000 people employed, roughly 57% work full-time, 33% work part-time, and an estimated 6% are unemployed.

Suburbs/localities in this Local Government Area: Glen Iris 3146, Hawthorn 3122, Hawthorn East 3123, Balwyn 3103, Balwyn North 3104, Kew 3101, Kew East 3102, Surrey Hills 3127, Deepdene 3103, Camberwell 3124, Canterbury 3126, Ashburton 3147

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