Suburb Profile Report for Ballarat Central VIC (3350)

Ballarat Central House: Median price $387,000, Annual capital growth 7.15%, Number of sales 122, Weekly median advertised rent $300

Ballarat Central Unit: Median price $250,000, Annual capital growth 9.62%, Number of sales 23, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Ballarat Central has done pretty 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 -1.09%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ballarat Central has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Ballarat Central itself are offering an average vendor discount of -5.17% to real estate investors.

On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.

Over the last year, property investments in Ballarat Central, 3350 have given investors a capital gain of -3.85%. This compares very badly with the 4.79% for VIC as a whole.

While Ballarat Central,3350 ranked number 203th in VIC for increase in median house value (annualised) increase, it is ranked 206th over the last 5 years.

Ballarat Central is 173th on a list of best yielding suburbs for rents in VIC with a 4.16% return

Metrics i HOUSE UNIT
$387,000 $250,000
0.52% 1.01%
-1.09% -3.85%
7.15% 9.62%
$300 $200
122 23
4.03% 4.16%
58.95 N/A

Source: CoreLogic

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