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The Reserve Bank of Australia has made its second call on the official cash rate for this year, following its decision to cut the rate to...
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.
| 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% |
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