At number 3283th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat North, 3350 is in the BOTTOM 30% with a property value increase of -3.38% recorded in median house prices.
Across a shorter period, Ballarat North, 3350 has seen a median price increase of -3.38% over the last quarter.
At number 230th of VIC’s most discounted properties, Ballarat North is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
VIC has seen average median house prices change by 3.63% which means that Ballarat North, 3350 has done well for property investors by showing a capital gain of -6.62% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Ballarat North comes in at number 334th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Ballarat North itself are offering an average vendor discount of -6.96% to real estate investors.
In the last year 22 properties changed hands in Ballarat North, which puts it as the 289th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $200 and the average annual increase in value of a median property of 2.28%, investors should hope to achieve an overall return of 4.59%