Ballarat East

POSTAL CODE: VIC, 3350
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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 6.69% growth over a ten-year period. It ranks 2167th 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 12.19% for the past year, which is higher than average compared to its 30% growth within a five-year period.

With the median home price in BALLARAT EAST sitting at $520,000, and the average rent at $400, property owners could potentially earn a 4% 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.

Surburb overview

Ballarat East is a residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 2 kilometres east of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and was developed during the Victorian gold rush of the 1850s, when it was one of the region’s key mining districts.

According to the 2021 Census, Ballarat East had a population of 6,799 residents, reflecting steady growth and its role as an established urban area within Ballarat.

The suburb retains historical significance associated with the Eureka Stockade, and the Eureka Centre, located within the Eureka Stockade Memorial Park, interprets this period of Australian history.

Residential development includes a mix of heritage cottages, mid-20th-century housing and more recent dwellings, particularly toward the southern and eastern sections of the suburb.

Ballarat Wildlife Park is located in Ballarat East and contributes to local tourism and educational activity.

Retail and commercial services are primarily accessed in nearby Ballarat Central, while smaller neighbourhood facilities are dispersed throughout the suburb.

Public transport options include local bus services connecting Ballarat East to Ballarat railway station, which provides V/Line services to Melbourne’s CBD via the Ballarat line.

The suburb’s topography includes gently undulating land and areas of remnant bushland toward Mount Helen and surrounding reserves.

Ballarat East experiences a temperate climate with warm summers and cool to cold winters, typical of Ballarat’s elevated inland setting.

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