Why commercial is the new residential
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...
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 5.63% growth over a ten-year period. It ranks 1194th 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 6.39% for the past year, which is lower than average compared to its 35.47% growth within a five-year period.
With the median home price in BALLARAT EAST sitting at $383,000, and the average rent at $320, property owners could potentially earn a 4.34% 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 | $383,000 | $304,400 |
| GROWTH REPORT | ||
| Median Quarterly | 1.98% | 3.19% |
| Median 12 month | 6.39% | 1.72% |
| Median 3 years | 25.57% | 26.83% |
| Median 5 years | 35.47% | 14.44% |
| 10 years average annual | 5.63% | 3.75% |
| Weekly media advert. rent | $320 | $300 |
| Time on Market | 46.0 days | 34.2 days |
| Gross Rental Yield Percent | 4.34% | 5.12% |
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