If you compare the increase in value of investment property in Ballarat Central, 3350 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -6.80%.
If we look at median property appreciation over just the last three months, Ballarat Central has given property investors a paper return of -8.03%. This puts Suburb as 663 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -7.63% to buyers in Ballarat Central at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $285 mark per week – giving a return of 4.24% based on the median price in Suburb
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 -7.57%
Over the longer term, Ballarat Central has seen property prices show investors a -3.74% return over the last 3 years. This is worse than over the last 12 months
Ballarat Central is 173th on a list of best yielding suburbs for rents in VIC with a 4.26% return