Property value increases in Ballarat Central have tracked just higher than the VIC average of 9.50% over the last 12 months.
Taking the average capital gain, or increase in median house value, Ballarat Central,3350 has racked up an average of 11.00% over the period. This ranks it number 220th in the whole country for real estate investors looking at median house price increases.
Ballarat Central3350 is located in VIC which offers an average discount of -4.38% to property investors. Ballarat Central itself is showing figures that indicate -6.23% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
If you compare the increase in value of investment property in Ballarat Central, 3350 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 28.64%.
The five-year average increase in median property values for Ballarat Central,3350 has given property investors a potential capital gain of 28.17% across each of those five years.
Vendor discounting in Ballarat Central is giving property investors an average Vendor Discount of around -5.20%. This puts suburb at number 57th in VIC when ranking the most discounted suburbs.
In the last year 20 properties changed hands in Ballarat Central, which puts it as the 281th most active market in VIC when comparing the number of sales per suburb.