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AREA REPORTS

Ballan

Suburb Profile

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

house
unit

Property investors have seen a -1.02% drop in BALLAN based on a decrease 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 $487,500

Profits averaged 6.3% 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 $350 based on current median home prices for the suburb.

The gross rental yield in BALLAN, 3342 is 3.73%.

An average of 4 real estate transactions take place per month in BALLAN which translates to 48 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $487,500 $378,500
GROWTH REPORT
Median Quarterly -1.02% 12.15%
Median 12 month 2.21% 12.99%
Median 3 years 18.9% N/A
Median 5 years 37.71% N/A
10 years average annual 7.12% 12.99%
Weekly media advert. rent $350 $340
Time on Market 82.7 days 0.0 days
Gross Rental Yield Percent 3.73% 4.67%
demographics (median values)
Total Population
1805
Weekly Household Income
821.9
Household Size
2.60
demographics
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