Mount Clear

POSTAL CODE: VIC, 3350
HOUSE
UNIT
MOUNT CLEAR ranks 54th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 11.68% for the past year is higher than average compared to its 37.56% growth within a five-year period.

Also in MOUNT CLEAR, the median home price is sitting at $564,000, and the average rent at $430, this suggests property owners could potentially earn a 3.96% increase in gross rental yield.

Property investors have seen a 5.42% gain in MOUNT CLEAR based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on MOUNT CLEAR, 3350 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.68%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6% growth over a ten-year period. It ranks 2700th on our list of suburbs that property investors should look into.

Surburb overview

Mount Clear is a residential suburb of Ballarat in Victoria, located approximately 110 kilometres north-west of Melbourne’s central business district and about 6 kilometres south of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and sits along the Midland Highway corridor toward Buninyong.

According to the 2021 Census, Mount Clear had a population of 3,505 residents, reflecting its role as an established suburban area within Ballarat’s southern growth corridor.

Residential development in Mount Clear includes a mix of detached dwellings built from the late 20th century onwards, with some newer infill housing.

The suburb is home to Mount Clear College, a government secondary school, as well as primary schooling options in neighbouring Canadian and Mount Helen.

Federation University Australia’s Mount Helen campus is located nearby, contributing to local education and employment activity.

Retail services are provided through the Midvale Shopping Centre and smaller neighbourhood facilities, while a broader range of commercial and healthcare services are available in Ballarat Central.

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

The suburb is bordered by bushland and is close to the Canadian State Forest, supporting walking and cycling activities.

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

You’re out of free articles for this month
Loading form...