VIC/
Ballan

Suburb Profile

Ballan - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3342

house

Property investors have seen a 1.29% gain in BALLAN based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains BALLAN, 3342 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $394,000

Profits averaged 6.71% per annum over a 3-year period, due to an upward trend in home prices in BALLAN, 3342.

This means, real estate investors could earn a rental income of $310 based on current median home prices for the suburb.

The gross rental yield in BALLAN, 3342 is 4.09%.

An average of 5.83 real estate transactions take place per month in BALLAN which translates to 70 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $394,000 N/A
GROWTH REPORT
Median Quarterly 1.29% N/A
Median 12 month 3.96% N/A
Median 3 years 20.12% N/A
Median 5 years 29.18% N/A
10 years average annual 6.62% N/A
Weekly media advert. rent $310 N/A
Time on Market 142.2 days N/A
Gross Rental Yield Percent 4.09% N/A
demographics (median values)
Total Population
1805
Weekly Household Income
821.9
Household Size
2.60
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