Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
Property investors have seen a 2.8% 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 12.05%.
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 $435,879
Profits averaged 8.78% 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 $325 based on current median home prices for the suburb.
The gross rental yield in BALLAN, 3342 is 3.88%.
An average of 5.42 real estate transactions take place per month in BALLAN which translates to 65 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $435,879 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.8% | N/A |
| Median 12 month | 12.05% | N/A |
| Median 3 years | 26.34% | N/A |
| Median 5 years | 34.12% | N/A |
| 10 years average annual | 7.65% | N/A |
| Weekly media advert. rent | $325 | N/A |
| Time on Market | 69.2 days | N/A |
| Gross Rental Yield Percent | 3.88% | N/A |
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