Giving property investors a an unimpressive capital gain of -1.52% for the last year, Ballarat North, 3350 is the 3188th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ballarat North has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.93% to buyers in Ballarat North at the moment, which is less than average for the rest of VIC.
Ballarat North, 3350’s gross rental yield is 4.56%
If you compare the increase in value of investment property in Ballarat North, 3350 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.63%.
The five-year average increase in median property values for Ballarat North,3350 has given property investors a potential capital gain of 11.63% across each of those five years.
Ballarat North, 3350 is offering VIC ‘s 311th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
At number 419 in a list of fastest selling suburbs, Ballarat North is in the TOP 30% of suburbs in Australia with an average of days on market 60 for properties listed there.
Advertised rents are around the $180 mark per week – giving a return of 3.90% based on the median price in Suburb