AREA REPORTS

Ballan

Suburb Profile

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

house

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.

Data report can be found below

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
demographics (median values)
Total Population
1805
Weekly Household Income
821.9
Household Size
2.60
demographics
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