Property investors who have had real estate in Ballarat East, 3350 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.72%
While Ballarat East,3350 ranked number 424th in VIC for increase in median house value (annualised) increase, it is ranked 485th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Ballarat East itself are offering an average vendor discount of -5.62% to real estate investors.
Advertised rents are around the $280 mark per week – giving a return of 4.94% based on the median price in Suburb
Giving property investors a a poor capital gain of -18.55% for the last year, Ballarat East, 3350 is the 1677th highest performer in Australia in this respect.
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ballarat East, 3350. Typically our figures indicate that -5.50% is being offered, which puts this VIC suburb at 590th most discounted overall in Australia.