VIC has seen average median house prices change by -1.79% which means that Ballarat East, 3350 has not done well for property investors by showing a capital gain of 6.06% over the last year
Ballarat East,3350 was ranked 1062 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.84% to buyers in Ballarat East at the moment, which is less than average for the rest of VIC.
Ballarat East, 3350’s gross rental yield is 4.75%
Over the last year, property investments in Ballarat East, 3350 have given investors a capital gain of 21.55%. This compares very favourably with the 0.68% for VIC as a whole.
If we look at median property appreciation over just the last three months, Ballarat East has given property investors a paper return of 6.02%. This puts Suburb as 56 on a list of fastest fasting appreciating suburbs in VIC
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 5.22%, investors should hope to achieve an overall return of 4.78%