107/6 Oak Avenue, Boronia VIC 3155
107/6 Oak Avenue, Boronia VIC 3155
2-bed secure apartment | Walk to Boronia Station | Stone kitchen & balcony | Strong rental demand | No overlays
This unit holds a genuine edge over much of Boronia’s older apartment stock. The secure building, balcony, stone kitchen finishes, and basement parking lift it above entry-level offerings, while the walk to Boronia Station and the Junction makes everyday convenience a real draw. That pairing suits first-home buyers wanting a low-maintenance foothold, downsizers seeking a lock-and-leave base, and investors chasing reliable rental demand. It sits comfortably within Boronia’s mixed housing market, delivering apartment convenience without the compromises often found at this price point.
Value may hinge on the building’s age and common-area condition, as those shape body corporate fees and buyer perception. The shared land parcel limits land-value upside compared with a house, so capital growth might trail detached stock. Apartment buyers may also weigh the absence of a lift and potential view obstructions. These factors could temper bidding, particularly if similar units remain available nearby.
Detailed Independent Property Report prepared by PropCred Analyst team for 107/6 Oak Avenue, Boronia VIC 3155
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Boronia, outer eastern Melbourne’s sub-regional retail hub with ~40,000 sqm of space, draws families and singles, with owners outnumbering renters. House medians sit near $880,000, up 3.8–6.0% annually; units at $686,500, up 5.4–7.3%. Conditions are firm; houses sell in 21 days, auction clearances hit 74.0% for houses and 84.4% for units. Sales volumes remain solid—273 houses, 246 units—while gross yields range 3.6–3.9% for houses and 4.2–4.4% for units. Growth rests on the retail centre and local connectivity; constraints include household income 14.8% below Greater Melbourne’s average and fluctuating annual sales, indicating affordability pressures and rate sensitivity.
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PropCred Estimated Value
Comparable Sales: recent 2-bed unit sales in Boronia cluster around $420,000–$450,000 | Property Price Band: $400,000–$500,000 | Value Drivers: kitchen quality, balcony outlook, secure parking
Bedrooms
2
Bathroom
1
Parking
1
Land
984m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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