
How to win in today’s commercial property market
Despite the disruption caused by COVID-19, Australia’s commercial property market remained resilient, offering unique opportunities to sma...
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 10.4%.
A steady increase in median property prices over a five-year period in the suburb translates to a 35.98% capital gain.
Property investors in BALLARAT CENTRAL enjoyed capital gains of 10.4% 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 $557,500.
Profits due to an upward trend in home prices there averaged 11.99% per annum over a 3-year period.
Home owners selling their properties and realtors in BALLARAT CENTRAL usually have to wait an average of 60.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $332.5 mark, reflecting a 3.1% increase in returns based on the current median price in BALLARAT CENTRAL.
BALLARAT CENTRAL, 3350 places 361st in Australia based on median property value growth during the quarter.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $557,500 | $299,500 |
GROWTH REPORT | ||
Median Quarterly | 1.83% | 3.28% |
Median 12 month | 10.4% | 19.56% |
Median 3 years | 35.98% | 17.45% |
Median 5 years | 61.59% | 21.01% |
10 years average annual | 7.68% | 2.8% |
Weekly media advert. rent | $332.5 | $280 |
Time on Market | 60.2 days | 65.2 days |
Gross Rental Yield Percent | 3.1% | 4.86% |
Despite the disruption caused by COVID-19, Australia’s commercial property market remained resilient, offering unique opportunities to sma...
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...
Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...
Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...
Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...