Boolaroo vs Lakelands
Boolaroo (median $1,000,000) is roughly 20% cheaper to buy into than Lakelands ($1,250,000). Over the past year, Boolaroo (+11.7%) ran 15.9 percentage points ahead of Lakelands (-4.2%) on house-price growth.
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Boolaroo and Lakelands side by side
| Measure | Boolaroo | Lakelands |
|---|---|---|
| Price and market | ||
| Median house | $1,000,000 | $1,250,000 |
| Median unit | $302,400 | $343,440 |
| House price change, 12 months | +11.7% | -4.2% |
| Renting | ||
| House rent | $750/wk | $725/wk |
| Unit rent | $530/wk | – |
| Owner occupied | 64.0% | 88.0% |
| Renter occupied | 28.0% | 10.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 990 | 1010 |
| Lifestyle and people | ||
| Walk score | 6 | 16 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 1,636 | 1,445 |
| Median age | 39 | 43 |
| Climate | ||
| Annual rainfall | 1140 mm | 1140 mm |
| Mean max, January | 28.3°C | 28.3°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Lakelands scores higher on walkability (6/100 vs 16/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Lakelands (1010) sits above Boolaroo (990). Lakelands skews owner-occupied (88%), Boolaroo runs more rental-dense (64% owner).
- For buyers
- Boolaroo is the lower entry point at $1,000,000 median, 20% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Boolaroo carries both higher gross yield (3.90% vs 3.02%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Lakelands edges out on average school ICSEA (1010 vs 990). Lakelands also has a higher family-household share (81% vs 68%), so the catchment community skews family-heavy.
Boolaroo vs Lakelands: common questions
Is Boolaroo or Lakelands cheaper to buy in?
Boolaroo has the lower median house price at $1,000,000, roughly 20% below Lakelands ($1,250,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Boolaroo or Lakelands?
Over the past 12 months, Boolaroo grew +11.7% vs -4.2% in Lakelands, a gap of 15.9 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Boolaroo or Lakelands have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Lakelands scores 1010 vs 990 in Boolaroo. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Boolaroo or Lakelands?
Lakelands scores 16/100 on walkability vs 6/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Boolaroo or Lakelands?
Gross rental yield on houses is 3.90% in Boolaroo vs 3.02% in Lakelands. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
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