Based on its average 5-year and quarterly capital gains BALLARAT EAST, 3350 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that BALLARAT EAST, 3350 obtained a 4.83% growth over a ten-year period. It ranks 1589th on our list of suburbs that property investors should look into.
BALLARAT EAST, 3350 in VIC belongs to the local government area of Ballarat.
BALLARAT EAST, 3350 has a capital gain of 6.9% for the past year, which is higher than average compared to its 22.05% growth within a five-year period.
With the median home price in BALLARAT EAST sitting at $310,000, and the average rent at $280, property owners could potentially earn a 4.7% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BALLARAT EAST are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in BALLARAT EAST, 3350 translates to a -8.44% capital gain.
Property investors enjoyed capital gains of 7.09% over the last 12 months in BALLARAT EAST, translating to lower returns compared with its peers in VIC.
BALLARAT EAST, 3350 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 $243,100.
Profits due to an downward trend in home prices in BALLARAT EAST, 3350 averaged -2.81% per annum over a 3-year period.
Home owners selling their properties and realtors in BALLARAT EAST usually have to wait an average of 98.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $260 mark, reflecting a 5.56% increase in returns based on the current median price in BALLARAT EAST.
BALLARAT EAST, 3350 places 291st in Australia based on median property value growth during the quarter.