AREA REPORTS

Ballarat Central

 

 

VIC/
Ballarat central

Suburb Profile

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

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 21.71% capital gain.

Property investors in BALLARAT CENTRAL enjoyed capital gains of 3.9% 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 $426,000.

Profits due to an upward trend in home prices there averaged 7.24% per annum over a 3-year period.

Home owners selling their properties and realtors in BALLARAT CENTRAL usually have to wait an average of 43.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $320 mark, reflecting a 3.91% increase in returns based on the current median price in BALLARAT CENTRAL.

BALLARAT CENTRAL, 3350 places 190th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $426,000 $265,000
GROWTH REPORT
Median Quarterly 1.73% 0.82%
Median 12 month 3.9% 3.92%
Median 3 years 21.71% 2.91%
Median 5 years 31.89% 5.37%
10 years average annual 5.63% 3.44%
Weekly media advert. rent $320 $260
Time on Market 43.7 days 95.1 days
Gross Rental Yield Percent 3.91% 5.1%
demographics (median values)
Total Population
5645
Weekly Household Income
826.7
Household Size
2.20
demographics
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