Boolarra, a small town in the Latrobe Valley of Victoria, offers a unique and appealing living experience, distinct from the more bustling urban areas in the region. The housing market here is characterized by affordability and a variety of options that cater to different preferences, from charming older homes to more modern builds. This affordability makes Boolarra a desirable location for first-time homebuyers and those looking to escape the high prices of metropolitan areas. The town's real estate market has been relatively stable, providing an opportunity for people to invest in property without facing the rapid price hikes seen in some bigger cities.
Living in Boolarra presents a serene and community-focused lifestyle, drawing in those who appreciate a quieter environment. The town is surrounded by natural beauty, including the picturesque Strzelecki Ranges and ample greenery, providing plenty of outdoor recreational activities such as hiking, bird watching, and picnicking. There is a strong sense of community spirit in Boolarra, with local events and markets that bring residents together, fostering a welcoming and friendly atmosphere. Despite its tranquil setting, Boolarra is still conveniently connected to larger towns and cities in the Latrobe Valley, offering access to a wider range of amenities and services. Overall, Boolarra is ideal for individuals and families seeking a peaceful, yet connected, place to call home.
Median Weekly Rent | $214.00 |
Median Monthly Mortgage | $1356.50 |
Median Persons Per bed houseroom | 0.75 |
Average Household Size | 2.50 |
Average Age | 46.50 |
Average Income | $599.50 |
Average Cars Per Dwelling | 2.09 |
Average Properties Within 50M | 4 |
Typical 1 bed house | $331,000 |
Typical 2 bed house | $433,000 |
Typical 3 bed house | $490,000 |
Typical 4 bed house | $843,000 |
Typical 5 bed house | $706,000 |
Housing Stock
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Thinking about buying in Boolarra? Now could not be a better time, with 667 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $556,000 with prices in this suburb ranging from $69,000 to $1,791,000. The aproximate distance to the coast is 29 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Boolarra are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Boolarra provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Boolarra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Boolarra the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property Valuation16 Fairmont Street, Boolarra, VIC, 3870 | 4 | 1 | 0 | $480,000 - $520,000 | |
55 Penaluna Street, Boolarra, VIC, 3870 | 3 | 1 | 1 | $429,000 | |
55 Macintoshs Road, Boolarra, VIC, 3870 | 3 | 2 | 4 | $725,000 |
Boolarra Primary School
(While the above schools are located with the suburb of Boolarra there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.2 | 13.4 | 27.9 | 39.2 | 90.4 | 4.3 | 23.6 |
Feb | 2 | 13.5 | 27.0 | 43.1 | 92.7 | 4.1 | 19.7 |
Mar | 1.8 | 11.8 | 24.4 | 46.1 | 92.7 | 3.8 | 14.5 |
Apr | 1.9 | 9.2 | 20.8 | 52.9 | 95.3 | 3.2 | 11.2 |
May | 1.8 | 6.2 | 17.0 | 59.4 | 95.3 | 3.4 | 8.5 |
Jun | 1.9 | 3.9 | 14.2 | 65.0 | 95.4 | 3.0 | 7.5 |
Jul | 1.9 | 4.1 | 14.0 | 62.8 | 95.2 | 3.7 | 7.5 |
Aug | 2.6 | 4.5 | 14.9 | 57.9 | 94.8 | 4.0 | 10.0 |
Sept | 2.4 | 6.1 | 17.6 | 51.1 | 94.0 | 4.3 | 14.2 |
Oct | 2.0 | 7.6 | 20.3 | 49.3 | 94.2 | 4.1 | 19 |
Nov | 2.3 | 9.4 | 22.8 | 47.6 | 94.0 | 4.3 | 21.5 |
Dec | 1.7 | 11.7 | 25.3 | 42.4 | 92.3 | 4.4 | 23.6 |
source: Australian Government Bureau of Meteorology
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