AREA REPORTS

Ballarat North

 

 

VIC/
Ballarat north

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 9.63% 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 5.97% growth over a ten-year period. It ranks 1381st on our list of suburbs that property investors should look into.

BALLARAT NORTH, 3350 has a capital gain of 9.63% for the past year, which is higher than average compared to its 27.3% growth within a five-year period.

With the median home price in BALLARAT NORTH sitting at $380,000, and the average rent at $320, property owners could potentially earn a 4.38% 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).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $380,000 $220,000
GROWTH REPORT
Median Quarterly -0.52% -1.68%
Median 12 month 9.63% -6.38%
Median 3 years 18.75% -9.84%
Median 5 years 27.3% -8.71%
10 years average annual 5.97% 2.3%
Weekly media advert. rent $320 $270
Time on Market 44.8 days 61.5 days
Gross Rental Yield Percent 4.38% 6.38%
demographics (median values)
Total Population
3881
Weekly Household Income
772
Household Size
2.40
demographics
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