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Suburb Insights ยท VIC 3870

Boolarra 3870, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Boolarra is a regional centre in Victoria, Australia, with a population of approximately 1,023, making it a boutique locality. Located approximately 131 km from the Melbourne CBD, Boolarra is a regional area in Victoria. The median household income is $62,400 AUD per year (ABS 2021 Census).

Investment Score

26 / 100 Weak

Boolarra's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Boolarra, Victoria, Australia.

Key Indicators

Postcode
3870

Official Australia Post postcode for Boolarra. A postcode may cover multiple suburbs.

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Population
1,023

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$218/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$62,400/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
131 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,083/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
86% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Boolarra serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $218/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,083/month. 86% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Buy-and-hold in Boolarra carries higher risk due to limited demand drivers and slower growth fundamentals.

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Rental Yield

Achieving strong cash flow in Boolarra is challenging at current rent-to-price ratios.

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Renovation / Flip

Renovation or flip strategies in Boolarra face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Boolarra property

Full Property Analysis

30-year projections for Boolarra

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Boolarra faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Boolarra's 2026 outlook. Boolarra is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Boolarra a good suburb for investment?

Boolarra is a regional area in Victoria with a population of 1,023. The median rent is $218/week and the median household income is $62,400/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Boolarra?

Key demand drivers in Boolarra include regional employment hubs, lifestyle, and affordability. 86% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Boolarra?

According to the ABS 2021 Census, Boolarra has a population of approximately 1,023. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Boolarra from the Melbourne CBD?

Boolarra is approximately 131 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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