Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Property investors enjoyed capital gains of 3% over the last 12 months in BALLARAT NORTH, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 4.71% growth over a ten-year period. It ranks 1690th on our list of suburbs that property investors should look into.
BALLARAT NORTH, 3350 has a capital gain of 3% for the past year, which is lower than average compared to its 30.14% growth within a five-year period.
With the median home price in BALLARAT NORTH sitting at $421,000, and the average rent at $330, property owners could potentially earn a 4.08% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BALLARAT NORTH are low, as opposed to average gains per annum over the past five years.
BALLARAT NORTH, 3350 in VIC belongs to the local government area of Ballarat (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $421,000 | $295,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.94% | 10.49% |
| Median 12 month | 3% | 17.06% |
| Median 3 years | 25.02% | 27.57% |
| Median 5 years | 30.14% | 20.9% |
| 10 years average annual | 4.71% | 3.9% |
| Weekly media advert. rent | $330 | $245 |
| Time on Market | 59.9 days | 24.1 days |
| Gross Rental Yield Percent | 4.08% | 4.32% |
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