Investment property in Ballarat Central has done 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 -6.75%
Taking the average capital gain, or increase in median house value, Ballarat Central,3350 has racked up an average of -6.75% over the period. This ranks it number 2461th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.12% to buyers in Ballarat Central at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $285 mark per week – giving a return of 4.13% based on the median price in Suburb
At number 1442th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat Central, 3350 is in the BOTTOM 20% with a property value increase of -6.18% recorded in median house prices.
Ballarat Central,3350 has offered an average of -6.18% return per annum in house price rises to property investors over the last three years.
Situated 85.30km from the CBD, Ballarat Central is one of Ballarat localities in the postcode 3350.