Powered by MOMENTUM MEDIA
smart property investment logo
Ballan
AREA REPORTS

Ballan

Ballan - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3342

house
unit

Property investors have seen a 2.36% 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 21.61%.

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 $650,000

Profits averaged 13.21% 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 $380 based on current median home prices for the suburb.

The gross rental yield in BALLAN, 3342 is 3.04%.

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

Data report can be found below

Ballan
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 $375,000
GROWTH REPORT
Median Quarterly 2.36% 0%
Median 12 month 21.61% -1.32%
Median 3 years 39.63% N/A
Median 5 years 71.5% N/A
10 years average annual 7.94% 6.57%
Weekly media advert. rent $380 N/A
Time on Market 44.3 days 36.6 days
Gross Rental Yield Percent 3.04% N/A
demographics (median values)*
Total Population
3441
Weekly Household Income
1282
Household Size
2.50
Age
44
Monthly Loan Repayment
1553
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.