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Ballarat North
AREA REPORTS

Ballarat North

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

house
unit

Property investors enjoyed capital gains of 31.03% 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 7.21% growth over a ten-year period. It ranks 1335th on our list of suburbs that property investors should look into.

BALLARAT NORTH, 3350 has a capital gain of 31.03% for the past year, which is higher than average compared to its 69.74% growth within a five-year period.

With the median home price in BALLARAT NORTH sitting at $570,000, and the average rent at $350, property owners could potentially earn a 3.19% increase in gross rental yield.

A 31.03% increase in median property prices in BALLARAT NORTH, 3350 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 84th.

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).

Data report can be found below

Ballarat North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $570,000 $365,000
GROWTH REPORT
Median Quarterly 2.72% 5.8%
Median 12 month 31.03% 13.18%
Median 3 years 48.24% 48.98%
Median 5 years 69.74% 42.58%
10 years average annual 7.21% 5.78%
Weekly media advert. rent $350 $300
Time on Market 26.5 days 23.5 days
Gross Rental Yield Percent 3.19% 4.27%
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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