Over the last year, property investments in Ballarat Central, 3350 have given investors a capital gain of -1.43%. This compares very badly with the 8.23% for VIC as a whole.
While Ballarat Central,3350 ranked number 654th in VIC for increase in median house value (annualised) increase, it is ranked 488th over the last 5 years.
Property investors looking for a bargain in Ballarat Central should be aiming for at least -7.36% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
Property value increases in Ballarat Central have tracked just lower than the VIC average of 4.09% over the last 12 months.
Ballarat Central,3350 was ranked 1496 in Australia by increase in median property value over the quarter.
Property buyers and investors in Ballarat Central 3350 should be seeing an average reduction in asking price of around -13.27% . This means that Ballarat Central is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Ballarat Central the average time real estate has been on the market is 77.6 days.
Ballarat Central, 3350’s gross rental yield is 4.56%