Located literally minutes from the shores of stunning Lake Macquarie, this 544 sq.m residential block is an excellent opportunity for your new family home without restricting outdoor enjoyment. Ideal for a simple slab construction, the level contours mean building is easy & suitable for a single or double storey design.
Situated nearby to local as well as major shopping centers, the lakeside lifestyle is yours to enjoy. Boolaroo offers a great community feel whilst being mere minutes from sporting, recreational and social facilities to cater for a huge variety of pastimes. Strong property growth is underpinned by recent and future development in the local area, with demand for new homes at an all time high in the local & neighbouring areas.
544 sq.m residential block, ideal for a family home or investment
The size of Boolaroo is approximately 2.7 square kilometres. It has 5 parks covering nearly 3.6% of total area. The population of Boolaroo in 2011 was 933 people. By 2016 the population was 1,042 showing a population growth of 11.7% in the area during that time. The predominant age group in Boolaroo is 50-59 years. Households in Boolaroo are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Boolaroo work in a trades occupation. In 2011, 68.9% of the homes in Boolaroo were owner-occupied compared with 67.8% in 2016.
Boolaroo has 1,431 properties. Over the last 5 years, Houses in Boolaroo have seen a 81.18% increase in median value, while Units have seen a 76.79% increase. As at 31 October 2024:
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