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Boroondara City, VIC

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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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Suburb Heatmap Analysis

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.

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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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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.

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