Suburb Profile Report for Ballarat East VIC (3350)

Ballarat East House: Median price $283,750, Annual capital growth 4.78%, Number of sales 143, Weekly median advertised rent $270

Ballarat East Unit: Median price $228,000, Annual capital growth 2.82%, Number of sales 19, Weekly median advertised rent $233

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$283,750 $228,000
-3.81% -1.51%
1.34% -14.53%
4.78% 2.82%
$270 $233
143 19
4.95% 5.30%
85.73 96.81

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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