VIC has seen average median house prices change by 7.68% which means that Ballarat East, 3350 has done well for property investors by showing a capital gain of 1.79% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Ballarat East comes in at number 523th in VIC.
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 -6.23% is being offered, which puts this VIC suburb at 1702th most discounted overall in Australia.
On average over the past year, suburb has had 11.33 sales per month, which equates to 136 per year.
Ballarat East is 125th on a list of best yielding suburbs for rents in VIC with a 4.93% return
Ballarat East has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -14.53% to date .
Across a shorter period, Ballarat East, 3350 has seen a median price increase of -8.06% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Ballarat East itself are offering an average vendor discount of -5.01% to real estate investors.
Property investors should expect to get $247.5 weekly from the median priced house in this suburb.