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.