Suburb Profile Report for Ballarat Central VIC (3350)

Ballarat Central House: Median price $375,999, Annual capital growth 5.60%, Number of sales 91, Weekly median advertised rent $285

Ballarat Central Unit: Median price $260,000, Annual capital growth 8.49%, 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

If you compare the increase in value of investment property in Ballarat Central, 3350 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.43%.

Over the longer term, Ballarat Central has seen property prices show investors a 22.88% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Ballarat Central is $375999, with sellers offering an average of -7.90% off the asking price.

At number 1698 in a list of fastest selling suburbs, Ballarat Central is just in the top half of suburbs in Australia with an average of days on market 76.38 for properties listed there.

Using the current median advertised rental of $285 and the average annual increase in value of a median property of 5.60%, investors should hope to achieve an overall return of 3.94%

VIC has seen average median house prices change by 3.63% which means that Ballarat Central, 3350 has done well for property investors by showing a capital gain of 18.18% over the last year

Comparing Ballarat Central,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Ballarat Central, 3350’s gross rental yield is 4.50%

HOUSE UNIT
$375,999 $260,000
8.99% 10.49%
7.43% 18.18%
5.60% 8.49%
$285 $225
91 26
3.94% 4.50%
76.38 N/A

Source: CoreLogic

DSR Score for property investment : Good (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
Chart Table
Recent sales & rentals