Boolarra

Boolarra has a small population with a mix of age groups, with a significant number of residents aged between 45 to 64 years. The suburb has a low social housing ratio and offers a median household income slightly above the state average. Majority of residents commute by car, while a notable percentage work from home. For house investors, Boolarra presents an opportunity for potential renovators due to a high sale price IQR ratio, indicating varying property conditions. With a market absorption rate above 20%, there is high buyer demand, possibly signaling potential for home price appreciation in the future. Boolarra, a small suburb in VIC, offers a quiet lifestyle with potential investment opportunities in the housing market for those interested in renovations and capital growth. The demographics show a diverse mix of age groups, predominantly middle-aged residents, and a proclivity towards remote work among commuters. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022