Suburb Profile Report for Ballarat Central VIC (3350)

Ballarat Central House: Median price $400,000, Annual capital growth 7.28%, Number of sales 132, Weekly median advertised rent $300

Ballarat Central Unit: Median price $238,000, Annual capital growth 9.76%, Number of sales 22, Weekly median advertised rent $210

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Ballarat Central, 3350 ranked 567th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ballarat Central is one of 2098 in our list for VIC

A 25.00% growth in median value for property investors in Ballarat Central,3350 puts this suburb at number 604th in terms of best performing suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ballarat Central, 3350. Typically our figures indicate that -4.39% is being offered, which puts this VIC suburb at 2677th most discounted overall in Australia.

Residents and property investors in Ballarat Central have been waiting around 50.28 days to sell a property.

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 -15.90%

If we look at median property appreciation over just the last three months, Ballarat Central has given property investors a paper return of -4.32%. This puts Suburb as 337 on a list of fastest fasting appreciating suburbs in VIC

Renters in Suburb are facing rents around $2520 per annum or $210 every week.

Metrics i HOUSE UNIT
$400,000 $238,000
-1.23% -4.32%
2.56% -15.90%
7.28% 9.76%
$300 $210
132 22
3.90% 4.59%
50.28 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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