Suburb Profile Report for Ballarat Central VIC (3350)

Ballarat Central House: Median price $580,000, Annual capital growth 7.09%, Number of sales 116, Weekly median advertised rent $350

Ballarat Central Unit: Median price $353,750, Annual capital growth 5.27%, Number of sales 20, Weekly median advertised rent $305

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

Source: Monthly data update for May 2021 as supplied by CoreLogic. Data is reported to the period ending Feb 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$580,000 $353,750
4.50% 18.11%
11.00% 28.64%
7.09% 5.27%
$350 $305
116 20
3.14% 4.48%
67.0106382978724 71.5882352941177

Source: Monthly data update for May 2021 as supplied by CoreLogic. Data is reported to the period ending Feb 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Demographics
Total population 5464
Median household income ($/weekly) 982
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 580 10.6
    25-34 years 784 14.3
    35-44 years 749 13.7
    45-54 years 752 13.8
    55-64 years 602 11.0
    Others 1998 36.6
    Age Group
    Census Count Percent(%)
    Not Married 2053 51.8
    Registered Married 1505 38.0
    Defacto Relationship 403 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4620 89.2
    Indonesia 73 1.4
    Papua New Guinea 49 0.9
    United Kingdom 149 2.9
    Other 71 1.4
    Others 220 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.9
    Christianity 3159 64.3
    Hinduism 16 0.3
    Other Religious Groups 48 1.0
    No Religion 1627 33.1
    Others 21 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 199 9.7
    $400-$599 260 12.7
    $600-$799 238 11.6
    $800-$999 220 10.7
    $1,500-$1,999 228 11.1
    Others 908 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1603 37.1
    Not in the labour force 1451 33.6
    Employed, worked part-time 936 21.7
    Unemployed, looking for work 180 4.2
    Employed, away from work 152 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 317 11.8
    Professionals 816 30.3
    Technicians & trades workers 329 12.2
    Community & personal service workers 310 11.5
    Clerical & administrative workers 293 10.9
    Others 626 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 81 5.8
    Infants/Primary 380 27.2
    Secondary 307 22.0
    Technical or Further Educational Institution 134 9.6
    University or other Tertiary Institutions 452 32.3
    Others 44 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4286 86.4
    Flat, unit or apartment 365 7.4
    Semi-detached, row or terrace house, townhouse 298 6.0
    House or flat attached to a shop, office 13 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 918 41.7
    Fully owned 653 29.7
    Being purchased 626 28.4
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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