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Invermay Park

POSTAL CODE: VIC, 3350
HOUSE

Property investments in INVERMAY PARK fare well against the rest of the country last year, registering a median home price increase of 13.32%.

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

Based on its average 5-year and quarterly capital gains INVERMAY PARK, 3350 saw average growth in the long term.

Real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 99.5 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $648,750.

INVERMAY PARK ranks 211th on the list of best yielding suburbs for rental properties in VIC, posting a 3.85% return.

Surburb overview

Invermay Park 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 Ballarat North and Wendouree.

According to the 2021 Census, Invermay Park had a population of 1,864 residents, reflecting its status as a smaller, established residential area within the broader Ballarat urban region.

Development in Invermay Park occurred largely during the late 20th century, with detached brick and weatherboard homes forming the predominant housing style.

The suburb is primarily residential in character, with limited commercial activity, and residents generally access retail and professional services in nearby Ballarat North, Wendouree or Ballarat Central.

Educational facilities serving the area include Invermay Primary School, with secondary schooling options available in surrounding suburbs.

Recreational amenities are located in adjacent areas, including Victoria Park and other sporting reserves, providing opportunities for organised sport and informal recreation.

Public transport is supported by local bus services connecting Invermay Park to Ballarat railway station, which provides V/Line train services to Melbourne’s CBD via the Ballarat line.

The suburb features relatively flat terrain and established streetscapes, consistent with mid- to late-20th-century suburban development.

Invermay Park experiences a temperate climate with warm summers and cool to cold winters, typical of Ballarat’s elevated inland setting.

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