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