VIC has seen average median house prices change by 2.87% which means that Ballarat Central, 3350 has done well for property investors by showing a capital gain of 22.95% over the last year
Taking the average capital gain, or increase in median house value, Ballarat Central,3350 has racked up an average of 22.95% over the period. This ranks it number 126th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Ballarat Central itself are offering an average vendor discount of -6.07% to real estate investors.
In the last year 126 properties changed hands in Ballarat Central, which puts it as the 178th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Ballarat Central being $525000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.47%
Ballarat Central, 3350 ranked 156th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ballarat Central is one of 2099 in our list for VIC
A 33.81% growth in median value for property investors in Ballarat Central,3350 puts this suburb at number 9th in terms of best performing suburbs in VIC
With the median price for a house in Ballarat Central being $281000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.37%