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Ballarat North

POSTAL CODE: VIC, 3350
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Property investors enjoyed capital gains of 0.92% 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 6% growth over a ten-year period. It ranks 2698th on our list of suburbs that property investors should look into.

BALLARAT NORTH, 3350 has a capital gain of 0.92% for the past year, which is lower than average compared to its 26.44% growth within a five-year period.

With the median home price in BALLARAT NORTH sitting at $550,000, and the average rent at $430, property owners could potentially earn a 4.07% 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.

Surburb overview

Ballarat North is a residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 4 kilometres north of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and is situated between the Western Freeway and the Creswick Road corridor.

According to the 2021 Census, Ballarat North had a population of 7,258 residents, reflecting its status as an established suburban area within the broader Ballarat urban region.

Residential development largely occurred during the mid-20th century, with detached brick and weatherboard homes forming the predominant housing style, alongside some newer infill development.

The suburb includes local retail facilities such as neighbourhood shopping strips and the Northway Shopping Centre, while major commercial services are accessed in Ballarat Central.

Educational facilities in and near Ballarat North include primary schools and secondary colleges, with additional options available across Ballarat.

Recreational amenities include Victoria Park, sporting reserves and playgrounds that support local community activities.

Public transport is provided by bus services connecting the suburb to Ballarat railway station, which offers V/Line train services to Melbourne’s CBD via the Ballarat line.

The area is characterised by relatively flat terrain and established tree-lined streets, contributing to its suburban character.

Ballarat North experiences a temperate climate with warm summers and cool to cold winters, consistent with Ballarat’s elevated inland setting.

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