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Ballan

POSTAL CODE: VIC, 3342
HOUSE

Property investors have seen a 2.4% 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 $640,000

Profits averaged -0.33% per annum over a 3-year period, due to an downward trend in home prices in BALLAN, 3342.

This means, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.

The gross rental yield in BALLAN, 3342 is 4.02%.

An average of 4.75 real estate transactions take place per month in BALLAN which translates to 57 per annum.

Surburb overview

Ballan is a regional township in Victoria located within the Shire of Moorabool, approximately 79 kilometres north-west of Melbourne’s central business district and about 31 kilometres east of Ballarat.

Situated along the Western Freeway and the Ballarat rail line, Ballan serves as a commuter town and a local service centre for surrounding rural areas.

According to the 2021 Census, Ballan had a population of 2,985, reflecting steady growth driven by improved transport links to Melbourne and Ballarat.

The township has a defined commercial centre along Inglis Street, which includes cafes, a supermarket, specialty retail and community services.

Ballan railway station provides V/Line services to Melbourne’s CBD and Ballarat, supporting daily commuting and regional travel.

Educational facilities include Ballan Primary School and a secondary college campus, with additional schooling options available in nearby Bacchus Marsh and Ballarat.

The surrounding district is characterised by grazing land, cropping and rural-residential properties set among gently undulating terrain.

Local landmarks include the heritage-listed Ballan Avenue of Honour, planted after the First World War, and access to the Werribee River corridor.

Community facilities include sporting reserves, a golf club and civic amenities that support local events and recreation.

Ballan experiences a temperate climate with warm summers and cool to cold winters, influenced by its inland location and elevation relative to Melbourne.

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