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%