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

house
unit

Homeowners and real estate investors betting on BALLARAT CENTRAL, 3350 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.92%.

A steady increase in median property prices over a five-year period in the suburb translates to a 48.24% capital gain.

Property investors in BALLARAT CENTRAL enjoyed capital gains of 15.92% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $630,000.

Profits due to an upward trend in home prices there averaged 16.08% per annum over a 3-year period.

Home owners selling their properties and realtors in BALLARAT CENTRAL usually have to wait an average of 47.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $360 mark, reflecting a 2.97% increase in returns based on the current median price in BALLARAT CENTRAL.

BALLARAT CENTRAL, 3350 places 81st in Australia based on median property value growth during the quarter.

Data report can be found below

Ballarat Central
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $630,000 $372,500
GROWTH REPORT
Median Quarterly 10.53% 20.65%
Median 12 month 15.92% 28.45%
Median 3 years 48.24% 41.37%
Median 5 years 78.47% 31.63%
10 years average annual 7.48% 4.92%
Weekly media advert. rent $360 $310
Time on Market 47.9 days 44.2 days
Gross Rental Yield Percent 2.97% 4.33%
demographics (median values)*
Total Population
59145
Weekly Household Income
1238
Household Size
2.40
Age
37
Monthly Loan Repayment
1408
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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