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Ballarat

Suburb Profile

Ballarat - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3350

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unit

Property investors enjoyed capital gains of 11.24% over the last 12 months in BALLARAT, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in BALLARAT are low, as opposed to average gains per annum over the past five years.

The suburb posted a 26.33% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

On average, rents on listings have reached the $350 mark, reflecting a 3.83% increase in returns based on the current median price in BALLARAT.

BALLARAT, 3350 ranks 75th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 118th on the list of best yielding suburbs for rental properties in VIC, posting a 3.83% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $475,000 $270,000
GROWTH REPORT
Median Quarterly 4.11% 17.39%
Median 12 month 11.24% 1.63%
Median 3 years 26.33% -4.59%
Median 5 years 42.86% 12.5%
10 years average annual 6.49% 4.58%
Weekly media advert. rent $350 $270
Time on Market 50.3 days 31.5 days
Gross Rental Yield Percent 3.83% 5.2%
demographics (median values)
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