Giving property investors a an unimpressive capital gain of 1.82% for the last year, Ballarat East, 3350 is the 2648th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Ballarat East has given property investors a paper return of 1.82%. This puts Suburb as 280 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 -6.20% . This means that Ballarat East is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Ballarat East the average time real estate has been on the market is 92.62 days.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.01%, without taking into account capital value appreciation, which has been averaging out at 4.65%.
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 -2.27%
While Ballarat East,3350 ranked number 275th in VIC for increase in median house value (annualised) increase, it is ranked 128th over the last 5 years.
Sellers are offering property buyers an average discount of -3.89% to buyers in Ballarat East at the moment, which is less than average for the rest of VIC.
Ballarat East, 3350’s gross rental yield is 5.00%