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