Suburb Profile Report for Ballarat North VIC (3350)

Ballarat North House: Median price $330,000, Annual capital growth 4.25%, Number of sales 69, Weekly median advertised rent $285

Ballarat North Unit: Median price $248,000, Annual capital growth 1.49%, Number of sales 14, Weekly median advertised rent $195

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Ballarat North, 3350 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.76%

While Ballarat North,3350 ranked number 170th in VIC for increase in median house value (annualised) increase, it is ranked 442th over the last 5 years.

Vendor discounting in Ballarat North is giving property investors an average Vendor Discount of around -6.78%. This puts suburb at number 182th in VIC when ranking the most discounted suburbs.

At number 2301 in a list of fastest selling suburbs, Ballarat North is in the bottom 40% of suburbs in Australia with an average of days on market 91.92 for properties listed there.

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

Investment property in Ballarat North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.98%

Taking the average capital gain, or increase in median house value, Ballarat North,3350 has racked up an average of 3.98% over the period. This ranks it number 1177th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Ballarat North 3350 should be seeing an average reduction in asking price of around -5.15% . This means that Ballarat North is holding prices well when compared to other suburbs in VIC.

Ballarat North is 194th on a list of best yielding suburbs for rents in VIC with a 4.09% return

HOUSE UNIT
$330,000 $248,000
4.10% 9.49%
4.76% 3.98%
4.25% 1.49%
$285 $195
69 14
4.49% 4.09%
91.92 91.92

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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