Suburb Profile Report for Ballarat Central VIC (3350)

Ballarat Central House: Median price $365,000, Annual capital growth 5.85%, Number of sales 83, Weekly median advertised rent $280

Ballarat Central Unit: Median price $246,250, Annual capital growth 7.64%, Number of sales 26, Weekly median advertised rent $225

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Ballarat Central has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.29%

Ballarat Central,3350 was ranked 1166 in Australia by increase in median property value over the quarter.

Ballarat Central, 3350 is offering VIC ‘s 127th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.

With the median price for a house in Ballarat Central being $365000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 3.99%

At number 1175th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat Central, 3350 is in the BOTTOM 40% with a property value increase of -0.51% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Ballarat Central,3350 has racked up an average of -0.51% over the period. This ranks it number 961th in the whole country for real estate investors looking at median house price increases.

In the last year 26 properties changed hands in Ballarat Central, which puts it as the 269th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $225 mark per week – giving a return of 4.75% based on the median price in Suburb

HOUSE UNIT
$365,000 $246,250
2.24% 0.51%
4.29% -0.51%
5.85% 7.64%
$280 $225
83 26
3.99% 4.75%
85 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 5464
Median household income ($/weekly) 982
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 580 10.6
    25-34 years 784 14.3
    35-44 years 749 13.7
    45-54 years 752 13.8
    55-64 years 602 11.0
    Others 1998 36.6
    Age Group
    Census Count Percent(%)
    Not Married 2053 51.8
    Registered Married 1505 38.0
    Defacto Relationship 403 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4620 89.2
    Indonesia 73 1.4
    Papua New Guinea 49 0.9
    United Kingdom 149 2.9
    Other 71 1.4
    Others 220 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.9
    Christianity 3159 64.3
    Hinduism 16 0.3
    Other Religious Groups 48 1.0
    No Religion 1627 33.1
    Others 21 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 199 9.7
    $400-$599 260 12.7
    $600-$799 238 11.6
    $800-$999 220 10.7
    $1,500-$1,999 228 11.1
    Others 908 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1603 37.1
    Not in the labour force 1451 33.6
    Employed, worked part-time 936 21.7
    Unemployed, looking for work 180 4.2
    Employed, away from work 152 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 317 11.8
    Professionals 816 30.3
    Technicians & trades workers 329 12.2
    Community & personal service workers 310 11.5
    Clerical & administrative workers 293 10.9
    Others 626 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 81 5.8
    Infants/Primary 380 27.2
    Secondary 307 22.0
    Technical or Further Educational Institution 134 9.6
    University or other Tertiary Institutions 452 32.3
    Others 44 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4286 86.4
    Flat, unit or apartment 365 7.4
    Semi-detached, row or terrace house, townhouse 298 6.0
    House or flat attached to a shop, office 13 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 918 41.7
    Fully owned 653 29.7
    Being purchased 626 28.4
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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