Suburb Profile Report for Ballarat East VIC (3350)

Ballarat East House: Median price $290,000, Annual capital growth 4.97%, Number of sales 138, Weekly median advertised rent $270

Ballarat East Unit: Median price $227,000, Annual capital growth 2.38%, Number of sales 17, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2444th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat East, 3350 is in the BOTTOM 50% with a property value increase of 3.57% recorded in median house prices.

If we look at median property appreciation over just the last three months, Ballarat East has given property investors a paper return of 0.00%. This puts Suburb as 534 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Ballarat East is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 262th in terms of most discounted suburbs in VIC

Advertised rents are around the $270 mark per week – giving a return of 4.84% based on the median price in Suburb

Over the last year, property investments in Ballarat East, 3350 have given investors a capital gain of -14.33%. This compares very badly with the 4.28% for VIC as a whole.

If we look at median property appreciation over just the last three months, Ballarat East has given property investors a paper return of -1.30%. This puts Suburb as 285 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Ballarat East 3350 should be seeing an average reduction in asking price of around -5.23% . This means that Ballarat East is holding prices well when compared to other suburbs in VIC.

Ballarat East is 34th on a list of best yielding suburbs for rents in VIC with a 5.50% return

Metrics i HOUSE UNIT
$290,000 $227,000
0.00% -1.30%
3.57% -14.33%
4.97% 2.38%
$270 $240
138 17
4.84% 5.50%
68.38 117.42

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5308
Median household income ($/weekly) 842
Median age of persons 38
Median housing loan repayment ($/monthly) 1192
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 566 10.7
    25-34 years 716 13.5
    35-44 years 647 12.2
    45-54 years 609 11.5
    55-64 years 616 11.6
    Others 2154 40.6
    Age Group
    Census Count Percent(%)
    Not Married 1984 52.2
    Registered Married 1412 37.1
    Defacto Relationship 407 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4529 90.5
    New Zealand 34 0.7
    Papua New Guinea 41 0.8
    United Kingdom 151 3.0
    Other 74 1.5
    Others 176 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.9
    Christianity 3091 64.4
    Islam 21 0.4
    Other Religious Groups 28 0.6
    No Religion 1602 33.4
    Others 14 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 219 11.2
    $400-$599 302 15.4
    $600-$799 268 13.7
    $800-$999 217 11.1
    $1,500-$1,999 195 10.0
    Others 754 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1639 40.3
    Employed, worked full-time 1271 31.3
    Employed, worked part-time 802 19.7
    Unemployed, looking for work 184 4.5
    Employed, away from work 169 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 448 20.0
    Technicians & trades workers 353 15.8
    Community & personal service workers 286 12.8
    Clerical & administrative workers 279 12.4
    Labourers 262 11.7
    Others 613 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 85 7.1
    Infants/Primary 348 29.2
    Secondary 282 23.6
    Technical or Further Educational Institution 129 10.8
    University or other Tertiary Institutions 302 25.3
    Others 47 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4375 91.1
    Semi-detached, row or terrace house, townhouse 300 6.3
    Flat, unit or apartment 119 2.5
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 753 35.8
    Being purchased 655 31.2
    Fully owned 648 30.8
    Other tenure type 45 2.1
    Tenure Type
Census 2011, ABS
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