Property investors who have had real estate in Ballarat North, 3350 should be ok 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 4.76%
While Ballarat North,3350 ranked number 170th in VIC for increase in median house value (annualised) increase, it is ranked 442th over the last 5 years.
Vendor discounting in Ballarat North is giving property investors an average Vendor Discount of around -6.78%. This puts suburb at number 182th in VIC when ranking the most discounted suburbs.
At number 2301 in a list of fastest selling suburbs, Ballarat North is in the bottom 40% of suburbs in Australia with an average of days on market 91.92 for properties listed there.
The VIC suburb of Ballarat North, 3350 is in the Ballarat local government area.
Investment property in Ballarat North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.98%
Taking the average capital gain, or increase in median house value, Ballarat North,3350 has racked up an average of 3.98% over the period. This ranks it number 1177th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Ballarat North 3350 should be seeing an average reduction in asking price of around -5.15% . This means that Ballarat North is holding prices well when compared to other suburbs in VIC.
Ballarat North is 194th on a list of best yielding suburbs for rents in VIC with a 4.09% return