Suburb Profile Report for Ballarat North VIC (3350)

Ballarat North House: Median price $331,250, Annual capital growth 4.33%, Number of sales 67, Weekly median advertised rent $280

Ballarat North Unit: Median price $224,000, Annual capital growth 0.70%, Number of sales 18, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

Ballarat North has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.00% to date .

Ballarat North,3350 has offered an average of 6.00% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -6.78% to buyers in Ballarat North at the moment, which is less than average for the rest of VIC.

With the median price for a house in Ballarat North being $331250 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 4.40%

Giving property investors a a poor capital gain of -7.65% for the last year, Ballarat North, 3350 is the 1503th highest performer in Australia in this respect.

The five-year average increase in median property values for Ballarat North,3350 has given property investors a potential capital gain of 2.40% across each of those five years.

At number 46th of VIC’s most discounted properties, Ballarat North is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Ballarat North have been waiting around 110.18 days to sell a property.

Property investors should expect to get $200 weekly from the median priced house in this suburb.

HOUSE UNIT
$331,250 $224,000
1.92% -1.10%
6.00% -7.65%
4.33% 0.70%
$280 $200
67 18
4.40% 4.64%
88.22 110.18

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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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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