Boolaroo is a suburb of city of Lake Macquarie local government area in New South Wales, Australia. It is 19 km. west of Newcastle’s CBD (Central Business District). It has a population of 1,039 as per 2016 census. This was the epicentre of 1989 Newcastle earthquake. It is close to suburbs like Warners Bay and Speers Point. It has a small railway station called Cockle Creek railway station. The suburb is home to Boolaroo Public school, a library, some churches and some shops. It is a fast growing community suburb. It is a decent neighbourhood with good options to buy and sell homes.
Real Estate in Boolaroo
Median selling price for houses here is $503,000. This is at an increase of a massive 25.8% in the period April 2019 – March 2020 compared to last year. Median selling price of homes in the previous year was $400,000. Total sales of homes was 30 in the period April 2019 – March 2020. Home sales peak in March, April, July, October and December every year. The median rent for homes is $395 per week at a growth rate of 4.1%. This is for 23 homes that went on rent in the last 12 months. Median selling prices for units is $129,175 as compared to the same last year at $49,300 . This is at a whopping growth of 169.7% in the last 12 months as compared to the same in the previous year. Total units sold were 6 in the last 12 months. The average median rent for units per week is $340 at a growth rate of 13.7% . This is for 2 units that went on rent in the last 12 months. Boolaroo is good for property management as you can buy and sell homes and units currently.
Population in Boolaroo
This suburb has a mix of younger couples and retirees. There are 33% couples, 40% are couples with no children and 23% are single-parent families. Seniors above the age of 50 are over 250 people. Between 40 to 59 years, there are about 300 people, and between 20 to 39 years there are about 280 people. Below 5 years, there are about 160 babies and toddlers while between 5 to 19 years, there are about 160 children.
Income in Boolaroo
Weekly household income is $1500+ for about 140 households. The same is between $500 to $1499 per week for another 160 households. About 75 households earn below $400 per week. 33% of the suburb’s residents are employed in full-time work, 16% in part-time work, 4% are unemployed and 41% are not in labour force accounting for children and babies. These figures are as per 2011 statistics. 73% of them drive their car to work and 3% walked to work.
Homes in Boolaroo
There are 96% separate houses as types of dwellings. 2% semis or terraces and 2% flats are available here. 36% homes are fully owned, 34% are purchasing homes and 29% are living in rented accommodation. Real estate here is good for both investment and rental purposes. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au