Suburb Profile Report for Ballarat East VIC (3350)

Ballarat East House: Median price $290,000, Annual capital growth 4.92%, Number of sales 145, Weekly median advertised rent $270

Ballarat East Unit: Median price $228,000, Annual capital growth 3.52%, 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

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%.

Metrics i HOUSE UNIT
$290,000 $228,000
-1.69% -0.44%
2.13% -17.99%
4.92% 3.52%
$270 $240
145 19
4.84% 5.47%
73.72 101.46

Source: CoreLogic

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