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Ararat
AREA REPORTS

Ararat

Ararat - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3377

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Property investors enjoyed capital gains of 15.68% 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 3.83% growth over a ten-year period. It ranks 1870th on our list of suburbs that property investors should look into.

ARARAT, 3377 has a capital gain of 15.68% for the past year, which is higher than average compared to its 18.37% growth within a five-year period.

With the median home price in ARARAT sitting at $254,500, and the average rent at $290, property owners could potentially earn a 5.93% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ARARAT are high, 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

Ararat
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $254,500 N/A
GROWTH REPORT
Median Quarterly 3.88% N/A
Median 12 month 15.68% N/A
Median 3 years 28.86% N/A
Median 5 years 18.37% N/A
10 years average annual 3.83% N/A
Weekly media advert. rent $290 N/A
Time on Market 72.7 days N/A
Gross Rental Yield Percent 5.93% N/A
demographics (median values)*
Total Population
9416
Weekly Household Income
1011
Household Size
2.30
Age
45
Monthly Loan Repayment
1066
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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