Suburb Profile Report for Ballarat VIC (3350)

Ballarat House: Median price $450,000, Annual capital growth 7.38%, Number of sales 51, Weekly median advertised rent $300

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Property investors who have had real estate in Ballarat, 3350 should be relatively pleased 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 6.78%

Comparing Ballarat,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Ballarat3350 is located in VIC which offers an average discount of -5.19% to property investors. Ballarat itself is showing figures that indicate -6.19% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 6.89%, investors should hope to achieve an overall return of 3.43%

Andrew Lewis Information supplied by:

Andrew Lewis
Colliers International

M 0418 508 908
O (03) 5327 0707

W www.colliers.com.au
E andrew.lewis@colliers.com

Selling points: Good growth over a number of years without the volatility found in some market places

Most sought after properties: Commercial investments in main street locations for under $2,000,000; or large Victorian houses

Most common properties: Ballarat is famous for its large intact Victorian housing stock

Top amenities: Ballarat has very strong educational and health based service sectors and thus creates an easy place to live. There are four private secondary schools, two universities and a private and public hospital, both being well funded and recently constructed.

Local industry and business: McCains, hospitals, tourism (including Sovereign Hill and Lake Wendouree) Mars, Freighters, Haymes Paint
 

Recent changes: Lake Wendouree is full and activity is returning on mass

Best streets: Webster Street and Lake Wendouree are the prime upper end residential areas, but Insigna golf course is developing very nicely, as has Lake Gardens

Public transport: The fast train to Melbourne could be faster and run more frequently and this is improving with time

Main arteries: Ballarat is one hour from Melbourne and Geelong and is on the road to Adelaide, while the beaches along the Bellarine are all within 90 minutes. Tullamarine and Avalon are less than one hour from Ballarat, so linkages across western Victoria are very strong.

Information supplied by:

 Andrew Lewis

Colliers International

(03) 5327 0707

0418 508 908

andrew.lewis@colliers.com

www.colliers.com.au

 

Metrics i HOUSE UNIT
$450,000 N/A
3.15% N/A
13.07% N/A
7.38% N/A
$300 N/A
51 N/A
3.47% N/A
40.846153846 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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