At number 2081th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat East, 3350 is in the top half with a property value increase of 4.36% recorded in median house prices.
If we look at median property appreciation over just the last three months, Ballarat East has given property investors a paper return of -3.29%. This puts Suburb as 639 on a list of fastest fasting appreciating suburbs in VIC
Ballarat East, 3350 is offering VIC ‘s 225th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 4.91%, investors should hope to achieve an overall return of 4.89%
Ballarat East is in the bottom 10% in VIC when comparing median price capital growth over the last year. Ballarat East gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.53%.
A -1.30% growth in median value for property investors in Ballarat East,3350 puts this suburb at number 341th in terms of best performing suburbs in VIC
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.
Often selling an investment property can take time, and in Ballarat East the average time real estate has been on the market is 96.81 days.
Property investors should expect to get $240 weekly from the median priced house in this suburb.