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 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|