VIC/
Ballarat east

Suburb Profile

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

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unit

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 4.19% growth over a ten-year period. It ranks 1934th 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 -0.85% for the past year, which is lower than average compared to its 16% growth within a five-year period.

With the median home price in BALLARAT EAST sitting at $290,000, and the average rent at $280, property owners could potentially earn a 5.02% 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.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $290,000 $231,000
GROWTH REPORT
Median Quarterly -2.93% 5.72%
Median 12 month -0.85% -6.85%
Median 3 years 11.54% -2.12%
Median 5 years 16% -6.85%
10 years average annual 4.19% 2.34%
Weekly media advert. rent $280 $240
Time on Market 61.5 days 81.4 days
Gross Rental Yield Percent 5.02% 5.4%
demographics (median values)
Total Population
4992
Weekly Household Income
674.8
Household Size
2.30
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