Suburb Profile Report for Ballarat Central VIC (3350)

Ballarat Central House: Median price $375,999, Annual capital growth 5.78%, Number of sales 92, Weekly median advertised rent $280

Ballarat Central Unit: Median price $270,000, Annual capital growth 8.85%, Number of sales 27, Weekly median advertised rent $223

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Ballarat Central has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.36%

While Ballarat Central,3350 ranked number 608th in VIC for increase in median house value (annualised) increase, it is ranked 479th over the last 5 years.

Ballarat Central3350 is located in VIC which offers an average discount of -6.04% to property investors. Ballarat Central itself is showing figures that indicate -7.97% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

With a capital gain of 15.51% for the last 12 months, Ballarat Central, 3350 has performed for property investments than its average annual 8.85% property growth over the last 5 years.

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.

Renters in Suburb are facing rents around $2670 per annum or $222.5 every week.

HOUSE UNIT
$375,999 $270,000
-1.70% 1.89%
6.36% 15.51%
5.78% 8.85%
$280 $223
92 27
3.87% 4.29%
92.66 N/A

Source: CoreLogic

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