Investment property in Ballarat Central has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.09%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ballarat Central has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Ballarat Central itself are offering an average vendor discount of -5.17% to real estate investors.
On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.
Over the last year, property investments in Ballarat Central, 3350 have given investors a capital gain of -3.85%. This compares very badly with the 4.79% for VIC as a whole.
While Ballarat Central,3350 ranked number 203th in VIC for increase in median house value (annualised) increase, it is ranked 206th over the last 5 years.
Ballarat Central is 173th on a list of best yielding suburbs for rents in VIC with a 4.16% return