Suburb Profile Report for Ballarat North VIC (3350)

Ballarat North House: Median price $332,500, Annual capital growth 3.81%, Number of sales 89, Weekly median advertised rent $290

Ballarat North Unit: Median price $230,000, Annual capital growth -0.50%, Number of sales 10, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

Ballarat North is in the bottom 20% in VIC when comparing median price capital growth over the last year. Ballarat North gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.76%.

While Ballarat North,3350 ranked number 562th in VIC for increase in median house value (annualised) increase, it is ranked 467th over the last 5 years.

Vendor discounting in Ballarat North is giving property investors an average Vendor Discount of around -4.71%. This puts suburb at number 312th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $290 mark per week – giving a return of 4.54% based on the median price in Suburb

Property investors who have had real estate in Ballarat North, 3350 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.39%

The five-year average increase in median property values for Ballarat North,3350 has given property investors a potential capital gain of 9.52% across each of those five years.

In the last year 10 properties changed hands in Ballarat North, which puts it as the 386th most active market in VIC when comparing the number of sales per suburb.

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

Metrics i HOUSE UNIT
$332,500 $230,000
-0.02% 0.88%
0.76% -1.39%
3.81% -0.50%
$290 $200
89 10
4.54% 4.52%
68.72 N/A

Source: CoreLogic

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