Investment property in Ballarat East has done pretty 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 2.13%
The five-year average increase in median property values for Ballarat East,3350 has given property investors a potential capital gain of 16.29% across each of those five years.
Our latest figures would indicate that property sellers in Ballarat East are currently offering property investors an average price cut of -5.72% below the asking price at the moment.
At number 1610 in a list of fastest selling suburbs, Ballarat East is just in the top half of suburbs in Australia with an average of days on market 73.72 for properties listed there.
Situated 99.67km from the CBD, Ballarat East is one of Ballarat localities in the postcode 3350.
Giving property investors a a poor capital gain of -17.99% for the last year, Ballarat East, 3350 is the 1673th highest performer in Australia in this respect.
A -2.36% growth in median value for property investors in Ballarat East,3350 puts this suburb at number 255th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Ballarat East are currently offering property investors an average price cut of -4.73% below the asking price at the moment.
A $240 per week rent on the median house gives suburb investors a gross yield of circa 5.47%, without taking into account capital value appreciation, which has been averaging out at 3.52%.