Suburb Profile Report for Ballarat North VIC (3350)

Ballarat North House: Median price $314,000, Annual capital growth 3.18%, Number of sales 66, Weekly median advertised rent $280

Ballarat North Unit: Median price $226,500, Annual capital growth 2.28%, Number of sales 22, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$314,000 $226,500
-3.38% -5.55%
-3.38% -6.62%
3.18% 2.28%
$280 $200
66 22
4.64% 4.59%
86.61 106.15

Source: CoreLogic

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