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Booragul suburb profile

Booragul is a picturesque suburb located in the Lake Macquarie region of New South Wales, approximately 20km southwest of Newcastle. Known for its serene lakeside setting, Booragul offers residents a peaceful lifestyle with stunning water views and abundant natural beauty. The suburb is home to a mix of residential properties, including charming older homes and modern developments. Booragul's community is supported by local amenities such as schools, parks, and shopping facilities, making it an ideal location for families and retirees. Its proximity to the lake provides ample opportunities for outdoor activities, including boating, fishing, and walking trails.

Booragul property market performance

Booragul's property market has shown significant growth in house values over the past 12 months, with an impressive increase of 13.1%. However, there is no data available for median house and unit prices or unit sales activity, indicating a lack of unit market activity. Over the past three months, nine houses were sold, and houses spent a median of 24 days on the market, revealing a fairly quick turnover.

The rental market for houses in Booragul has experienced a modest rise, with average rent increasing by 3.3% to reach $620 over the last year. The unit rental market remains inactive, reflecting the absence of recent transactions.

HousesUnits
Median price
Past 3 months
$890KN/A
Change in value
Past 12 months
12.8%N/A
Sold
Past 3 months
10N/A
Median days on market
Past 12 months
24N/A
Average rent
Past 12 months
$620N/A
Change in rent
Past 12 months
3.3%N/A

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Booragul demographics

Booragul, a suburb located in the Lake Macquarie region of New South Wales, offers a serene lifestyle with its proximity to the lake and natural surroundings. With a population of 1,623, Booragul is a small, close-knit community that appeals to those seeking a quieter pace of life. The median age of 51 suggests a mature population, with many residents likely enjoying the tranquility and slower pace that the suburb provides.

The suburb's household composition is diverse, with 30.9% of families being couple families with children, while 40.4% are couple families without children. This indicates a balanced mix of family types, with a significant portion of the community being empty nesters or retirees. One-parent families make up 26.7% of the households, reflecting a supportive community environment for various family structures.

In terms of property ownership, Booragul has a relatively high rate of homeownership, with 31.3% of properties owned outright and 28.1% owned with a mortgage. This stability is complemented by a rental market that accounts for 40.5% of the housing, providing options for those who prefer renting. The median total household income of $1,114 per week suggests a modest economic profile, typical of a suburb that values community and lifestyle over the hustle and bustle of city living.

Suburbs near Booragul

Some popular suburbs near Booragul include:

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