Suburb Profile Report for Ballarat East VIC (3350)

Ballarat East House: Median price $295,000, Annual capital growth 5.30%, Number of sales 143, Weekly median advertised rent $270

Ballarat East Unit: Median price $248,000, Annual capital growth 4.09%, Number of sales 23, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$295,000 $248,000
3.51% -6.04%
9.26% -5.52%
5.30% 4.09%
$270 $250
143 23
4.76% 5.24%
88.78 102.6

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