Boorhaman

Boorhaman, VIC 3678 is a small suburb with a population of 135 residents. The age group distribution is varied, with significant numbers in the 5 to 19 years and 45 to 64 years categories. The median household income weekly is $1,187, and the suburb has a mix of occupations with Managers being the highest. Commuting mainly occurs by motor vehicle, with a small percentage working from home. Rental properties make up 25.5% of the housing market in the suburb. Educational opportunities can be considered, with an ICSEA percentile for government schools not provided. The median house sale price in Boorhaman is consistent at $820,000, with a moderate discount median of -3.5%. The median house price has shown strong growth over the past 3 years. The suburb has a low stock on market rate of 2.0%, indicating stable market conditions. The building approvals ratio is relatively high at 38.7%, potentially indicating development opportunities. For investors focusing on houses, Boorhaman could be worth considering as a long-term prospect given the population growth rates. Boorhaman, VIC 3678 offers a peaceful lifestyle for its residents, with a close-knit community and a range of ages represented. The suburb showcases potential for property investors, particularly in the housing market. With stable housing prices, growth potential, and a low stock on market rate, Boorhaman presents opportunities for investors looking for long-term growth and development prospects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022