Suburb Profile Report for Ballarat North VIC (3350)

Ballarat North House: Median price $325,000, Annual capital growth 4.13%, Number of sales 81, Weekly median advertised rent $290

Ballarat North Unit: Median price $245,000, Annual capital growth 5.33%, Number of sales 15, Weekly median advertised rent $185

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Ballarat North, 3350 have given investors a capital gain of 0.00%. This compares very badly with the 8.96% for VIC as a whole.

Ballarat North,3350 was ranked 3827 in Australia by increase in median property value over the quarter.

Ballarat North, 3350 is offering VIC ‘s 248th 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.

Advertised rents are around the $290 mark per week – giving a return of 4.64% based on the median price in Suburb

At number 593th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat North, 3350 is in the top 40% with a property value increase of 6.52% recorded in median house prices.

If we look at median property appreciation over just the last three months, Ballarat North has given property investors a paper return of 7.46%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in VIC

Ballarat North, 3350 is offering VIC ‘s 229th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.

Property investors should expect to get $185 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$325,000 $245,000
-4.41% 7.46%
0.00% 6.52%
4.13% 5.33%
$290 $185
81 15
4.64% 3.93%
78.92 91.45

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3923
Median household income ($/weekly) 878
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 466 11.9
    25-34 years 470 12.0
    35-44 years 484 12.3
    45-54 years 504 12.8
    55-64 years 427 10.9
    Others 1572 40.1
    Age Group
    Census Count Percent(%)
    Registered Married 1356 46.5
    Not Married 1310 44.9
    Defacto Relationship 249 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3506 92.9
    New Zealand 21 0.6
    Papua New Guinea 17 0.5
    United Kingdom 93 2.5
    Other 29 0.8
    Others 107 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 25 0.7
    Christianity 2761 75.9
    Hinduism 8 0.2
    Other Religious Groups 5 0.1
    No Religion 834 22.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 164 11.1
    $400-$599 253 17.2
    $600-$799 166 11.3
    $800-$999 123 8.4
    $1,500-$1,999 151 10.3
    Others 615 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1249 40.4
    Employed, worked full-time 1038 33.6
    Employed, worked part-time 612 19.8
    Employed, away from work 105 3.4
    Unemployed, looking for work 87 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 213 12.1
    Professionals 407 23.2
    Technicians & trades workers 271 15.5
    Clerical & administrative workers 264 15.1
    Sales 200 11.4
    Others 399 22.7
    Occupation
    Census Count Percent(%)
    Pre-school 67 7.5
    Infants/Primary 308 34.5
    Secondary 256 28.7
    Technical or Further Educational Institution 69 7.7
    University or other Tertiary Institutions 167 18.7
    Others 26 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3168 85.6
    Semi-detached, row or terrace house, townhouse 443 12.0
    Flat, unit or apartment 88 2.4
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 608 38.1
    Being purchased 513 32.1
    Rented 444 27.8
    Other tenure type 31 1.9
    Tenure Type
Census 2011, ABS
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