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Ballarat East
AREA REPORTS

Ballarat East

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

house
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 7.56% growth over a ten-year period. It ranks 1144th on our list of suburbs that property investors should look into.

BALLARAT EAST, 3350 in VIC belongs to the local government area of Ballarat (C).

BALLARAT EAST, 3350 has a capital gain of 22.95% for the past year, which is higher than average compared to its 72.24% growth within a five-year period.

With the median home price in BALLARAT EAST sitting at $499,500, and the average rent at $350, property owners could potentially earn a 3.64% 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.

Data report can be found below

Ballarat East
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $499,500 $362,500
GROWTH REPORT
Median Quarterly 3.85% 0.69%
Median 12 month 22.95% 16.94%
Median 3 years 46.91% 44.71%
Median 5 years 72.24% 56.59%
10 years average annual 7.56% 5.18%
Weekly media advert. rent $350 $320
Time on Market 23.6 days 22.2 days
Gross Rental Yield Percent 3.64% 4.59%
demographics (median values)*
Total Population
59145
Weekly Household Income
1238
Household Size
2.40
Age
37
Monthly Loan Repayment
1408
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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