With a capital gain of 9.26% for the last 12 months, Ballarat East, 3350 has performed for property investments than its average annual 5.30% property growth over the last 5 years.
Ballarat East,3350 has offered an average of 9.26% return per annum in house price rises to property investors over the last three years.
The most recent median price for Ballarat East is $295000, with sellers offering an average of -5.69% off the asking price.
Ballarat East is in the bottom 20% in VIC when comparing median price capital growth over the last year. Ballarat East gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.52%.
The five-year average increase in median property values for Ballarat East,3350 has given property investors a potential capital gain of 9.73% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Ballarat East itself are offering an average vendor discount of -4.60% to real estate investors.
With the median price for a house in Ballarat East being $248000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.24%