Suburb Profile Report for Ballarat East VIC (3350)

Ballarat East House: Median price $285,000, Annual capital growth 4.81%, Number of sales 134, Weekly median advertised rent $270

Ballarat East Unit: Median price $228,000, Annual capital growth 2.66%, Number of sales 19, Weekly median advertised rent $235

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

Source: CoreLogic

  • House Report
  • Unit Report

Ballarat East, 3350 ranked 550th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ballarat East is one of 2098 in our list for VIC

Over the longer term, Ballarat East has seen property prices show investors a 11.33% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ballarat East, 3350. Typically our figures indicate that -6.62% is being offered, which puts this VIC suburb at 1472th most discounted overall in Australia.

If you compare the increase in value of investment property in Ballarat East, 3350 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -19.36%.

A 0.29% growth in median value for property investors in Ballarat East,3350 puts this suburb at number 232th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -4.98% to buyers in Ballarat East at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Ballarat East the average time real estate has been on the market is 93.3 days.

Advertised rents are around the $235 mark per week – giving a return of 5.36% based on the median price in Suburb

Metrics i HOUSE UNIT
$285,000 $228,000
0.00% -0.44%
1.79% -19.36%
4.81% 2.66%
$270 $235
134 19
4.93% 5.36%
79.24 93.3

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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Recent sales & rentals