Suburb Profile Report for Ballarat North VIC (3350)

Ballarat North House: Median price $330,000, Annual capital growth 4.27%, Number of sales 64, Weekly median advertised rent $280

Ballarat North Unit: Median price $226,500, Annual capital growth 2.40%, Number of sales 20, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1924th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat North, 3350 is in the top half with a property value increase of 4.76% 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 1.54%. This puts Suburb as 373 on a list of fastest fasting appreciating suburbs in VIC

Ballarat North3350 is located in VIC which offers an average discount of -6.04% to property investors. Ballarat North itself is showing figures that indicate -6.46% is the average achievable by property buyers investing in the suburb.

At number 1969 in a list of fastest selling suburbs, Ballarat North is just in the bottom half of suburbs in Australia with an average of days on market 84.1 for properties listed there.

The VIC suburb of Ballarat North, 3350 is in the Ballarat local government area.

VIC has seen average median house prices change by 3.19% which means that Ballarat North, 3350 has done well for property investors by showing a capital gain of -6.62% over the last year

Comparing Ballarat North,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ballarat North, 3350. Typically our figures indicate that -6.83% is being offered, which puts this VIC suburb at 300th most discounted overall in Australia.

HOUSE UNIT
$330,000 $226,500
1.54% -2.89%
4.76% -6.62%
4.27% 2.40%
$280 $200
64 20
4.41% 4.59%
84.1 111.82

Source: CoreLogic

DSR Score for property investment : Above average (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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