Thinking about buying in Boroondara? Now could not be a better time, with 3999 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,282,000 with prices in this suburb ranging from $666,000 to $6,886,000. Boroondara is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Boroondara Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Boroondara driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Boroondara ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Boroondara 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 Boroondara necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Boroondara we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Boroondara a better buying opportunity than it may have been in the past.

Houses for sale Boroondara

	55 warner av, ashburton, vic, 3147	3	1	3	Sold
	3 hudson ct, ashburton, vic, 3147	5	5	3	For Sale $2,700,000 - $2,900,000
	17 wilgra av, ashburton, vic, 3147	3	2	2	For Sale $1,500,000 - $1,550,000

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General Points of Interest

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