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Ararat

Suburb Profile

Ararat - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3377

house
unit

Property investors enjoyed capital gains of 5.75% over the last 12 months in ARARAT, 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 3.11% growth over a ten-year period. It ranks 2314th on our list of suburbs that property investors should look into.

ARARAT, 3377 has a capital gain of 5.75% for the past year, which is higher than average compared to its 8.24% growth within a five-year period.

With the median home price in ARARAT sitting at $230,000, and the average rent at $290, property owners could potentially earn a 6.56% increase in gross rental yield.

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

ARARAT, 3377 in VIC belongs to the local government area of Ararat (RC).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $230,000 $201,500
GROWTH REPORT
Median Quarterly 1.56% -2.66%
Median 12 month 5.75% -1.1%
Median 3 years 13.58% 42.91%
Median 5 years 8.24% 7.75%
10 years average annual 3.11% 13.74%
Weekly media advert. rent $290 $260
Time on Market 82.0 days 107.0 days
Gross Rental Yield Percent 6.56% 6.71%
demographics (median values)
Total Population
8215
Weekly Household Income
693.6
Household Size
2.40
demographics
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