Property value increases in Ballarat East have tracked lower than the VIC average of 8.12% over the last 12 months.
The five-year average increase in median property values for Ballarat East,3350 has given property investors a potential capital gain of 15.82% across each of those five years.
Property investors looking for a bargain in Ballarat East should be aiming for at least -6.45% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Ballarat East the average time real estate has been on the market is 85.73 days.
Property investors should expect to get $270 weekly from the median priced house in this suburb.
Property investors who have had real estate in Ballarat East, 3350 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -14.53%
Over the longer term, Ballarat East has seen property prices show investors a 1.33% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Ballarat East are currently offering property investors an average price cut of -5.19% below the asking price at the moment.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Ballarat East is 55th on a list of best yielding suburbs for rents in VIC with a 5.30% return