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Ballan, VIC 3342

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ballan, VIC 3342 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ballan, VIC 3342”

  1. The total adult population (15 years or older) of Ballan 3342 VIC is 2,763, with a median age of 43. Of those, 46.07% are married, 14.12% are divorced or separated, 33.70% are single and 6.23% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,852. The median monthly mortgage repayment for households in this suburb is $1,625 which is 20.70% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of BALLAN, postcode 3342, is nestled within the state of Victoria, Australia. It boasts an intimate community setting with an estimated 1,897 households. As of the third quarter of 2023, houses in BALLAN appear to make an appealing prospect for potential property investors or homeowners.

    The typical house price in this peaceful suburb is valued at $703,248, with a median weekly rent rate of $412. These figures culminate in an indicative yield of a sturdy 3.05%, which ventures slightly above the minimum 3% attractiveness benchmark for cashflow-focused property investors.

    Whilst encompassing a lower socio-economic score of 973 out of a maximum of 1217, BALLAN 3342 proves its robust economic foundation given the relatively moderate socio-economic status, not forgetting the projected capable access to economic resources and skilled professions.

    The economic indicators continue to impress with an admirable renter to owner ratio figure of just 17%. Statistically suggesting most residents strongly favour homeownership over renting, this figure reflects a less saturated rental market, allowing for potentially higher long-term returns and reduced risk for property investors.

    BALLAN 3342 proves itself as a favourable investment opportunity based on the units to houses ratio index. With a lower proportion of units (9%) compared to houses, the risk of an oversaturated rental market decreases, making for an advantageous position for landlords. The low ratio veers the market naturalistically towards longer tenancy periods and less competition among landlords.

    The affordability index is slightly less encouraging, with a rating of 35 years. This implies a slightly reduced affordability amongst residents given that it exceeds the standard 30-year mortgage duration. However, it’s important to understand that some metrics may reside in less favourable brackets, provided that the majority lean towards more favourable conditions.

    In terms of supply metrics, BALLAN 3342 presents a stock on a market percentage of 0.51%. This lands within the neutral range. The inventory level for houses in the area sits at 3.0 months, indicating the market’s moderate absorption rate of new listings. The building approvals Ratio for houses rests at a low 0.23%, suggesting a limited supply of new dwelling stock, protecting the market against overpopulation.

    Take into account that the Days on the Market (DOM) for houses in the area averages at 93 days. This signifies lower demand characteristic, although the buy search index at 4 aligns somewhat inside the neutral range.

    Lastly, the combined vacancy rate for houses and units comes at 2.73%. The mildly elevated figure presents a neutral demand situation, and overall, the property market in BALLAN 3342 holds significant appeal for prospective investors. A keen eye on market trends essential for realising potential opportunities for capital gains and positive cash flow.

    Remember, with tools like the RCS (Relative Composite Score) by HtAG Analytics, the property market research process can be significantly automated, impacting over 80 property market metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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