If you compare the increase in value of investment property in Ballarat East, 3350 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.85%.
Ballarat East,3350 has offered an average of -0.85% return per annum in house price rises to property investors over the last three years.
Ballarat East3350 is located in VIC which offers an average discount of -5.26% to property investors. Ballarat East itself is showing figures that indicate -5.18% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
With a capital gain of -6.85% for the last 12 months, Ballarat East, 3350 has performed for property investments than its average annual 2.34% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ballarat East has fallen somewhat when compared to the 5 year average annual rate.
The most recent median price for Ballarat East is $231000, with sellers offering an average of -4.04% off the asking price.
In the last year 17 properties changed hands in Ballarat East, which puts it as the 318th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $240 and the average annual increase in value of a median property of 2.34%, investors should hope to achieve an overall return of 5.40%