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Eureka

POSTAL CODE: VIC, 3350
HOUSE

Based on its average 5-year and quarterly capital gains EUREKA, 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 EUREKA, 3350 obtained a 5.76% growth over a ten-year period. It ranks 2866th on our list of suburbs that property investors should look into.

EUREKA, 3350 in VIC belongs to the local government area of Ballarat.

EUREKA, 3350 has a capital gain of 13.65% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in EUREKA sitting at $483,000, and the average rent at $365, property owners could potentially earn a 3.93% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in EUREKA are high, as opposed to average gains per annum over the past five years.

Surburb overview

Eureka is a residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 3 kilometres south-east of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and is closely associated with one of Australia’s most significant historical events, the Eureka Stockade of 1854.

According to the 2021 Census, Eureka had a population of 2,626 residents, reflecting its character as a small, established urban suburb.

The Eureka Centre, located within the Eureka Stockade Memorial Park, interprets the history of the goldfields and the events surrounding the stockade, contributing to local tourism and education.

Residential development in the suburb includes a mix of period cottages, mid-20th-century housing and more recent infill dwellings.

Local amenities include the Eureka Aquatic Centre, sporting reserves and neighbourhood parks that support community recreation.

Retail and commercial services are primarily accessed in nearby Ballarat Central and Mount Pleasant, where supermarkets, hospitality venues and professional services are concentrated.

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

The suburb features relatively flat terrain, established tree-lined streets, and proximity to the Yarrowee River corridor.

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

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