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Mount Pleasant

POSTAL CODE: VIC, 3350
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Based on its average 5-year and quarterly capital gains MOUNT PLEASANT, 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 MOUNT PLEASANT, 3350 obtained a 6.19% growth over a ten-year period. It ranks 2554th on our list of suburbs that property investors should look into.

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

MOUNT PLEASANT, 3350 has a capital gain of 10.58% for the past year, which is higher than average compared to its 25.9% growth within a five-year period.

With the median home price in MOUNT PLEASANT sitting at $522,500, and the average rent at $420, property owners could potentially earn a 4.18% increase in gross rental yield.

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

Surburb overview

Mount Pleasant is a residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 2 kilometres south of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and is positioned between Golden Point and Sebastopol.

According to the 2021 Census, Mount Pleasant had a population of 1,484 residents, reflecting its character as a small, established inner suburb.

Mount Pleasant developed during the Victorian gold rush of the 1850s and retains historical associations with early mining activity in the Ballarat district.

Residential housing in the suburb includes a mix of heritage cottages, Victorian-era homes and modest mid-20th-century dwellings, with some recent renovations and infill development.

The suburb’s proximity to Sovereign Hill, the open-air goldfields museum, contributes to its historical identity and local tourism activity.

Retail, hospitality and professional services are primarily accessed in nearby Ballarat Central, while small neighbourhood facilities are located along local streets.

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

The area features gently undulating terrain and established streetscapes reflective of 19th-century subdivision patterns.

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

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