Suburb Profile Report for Ballarat East VIC (3350)

Ballarat East House: Median price $287,000, Annual capital growth 4.91%, Number of sales 140, Weekly median advertised rent $270

Ballarat East Unit: Median price $228,000, Annual capital growth 4.02%, Number of sales 19, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2081th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat East, 3350 is in the top half with a property value increase of 4.36% 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 -3.29%. This puts Suburb as 639 on a list of fastest fasting appreciating suburbs in VIC

Ballarat East, 3350 is offering VIC ‘s 225th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 4.91%, investors should hope to achieve an overall return of 4.89%

Ballarat East is in the bottom 10% 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 -14.53%.

A -1.30% growth in median value for property investors in Ballarat East,3350 puts this suburb at number 341th 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 -5.19% below the asking price at the moment.

Often selling an investment property can take time, and in Ballarat East the average time real estate has been on the market is 96.81 days.

Property investors should expect to get $240 weekly from the median priced house in this suburb.

HOUSE UNIT
$287,000 $228,000
-3.29% -6.17%
4.36% -14.53%
4.91% 4.02%
$270 $240
140 19
4.89% 5.47%
87.67 96.81

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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