Ballan

POSTAL CODE: VIC, 3342
HOUSE

Property investors have seen a 4.62% gain in BALLAN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BALLAN, 3342 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.24%.

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 $680,000

Profits averaged 2% 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 $490 based on current median home prices for the suburb.

The gross rental yield in BALLAN, 3342 is 3.75%.

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.

You’re out of free articles for this month
Loading form...