Fraud Blocker

Ballarat East, VIC 3350

Home » VIC Real Estate Data » Ballarat City, VIC » Ballarat East, VIC 3350

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 Ballarat East, VIC 3350 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

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Ballarat East, VIC 3350”

  1. The total adult population (15 years or older) of Ballarat East 3350 VIC is 5,051, with a median age of 43. Of those, 33.70% are married, 14.55% are divorced or separated, 42.59% are single and 9.31% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,920. The median monthly mortgage repayment for households in this suburb is $1,300 which is 21.96% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in Victoria (VIC), the suburb of Ballarat East 3350 is a residential niche with approximately 3375 households. As of the third quarter of 2023, property market stats recorded mean house prices sitting at $520,586. With a median weekly rent priced at $380, these figures hint at an indicative yield of 3.8%. Yield showed a decent return for investors aligning to the market requirement of above 3%.

    In terms of socio-economic status, Ballarat East boasts an IRSAD score of 931 out of a possible 1217, underlining a relatively strong socio-economical standing. Shifting to the demographic character of the suburb, the renter to owner ratio sits at 39%, slightly higher than the recommended 30% or below but still within an acceptable range. The units to houses ratio strikes a mere 6%, a positively low statistic favoring markets with more houses than units.

    Now, the affordability index reveals that it might take an estimated 34 years to fully own a house in Ballarat East, a slightly unfavourable factor considering the standard time generally falls within 30 years.

    However, the suburb displays favourable supply metrics with a low stock on market Percentage for houses at 0.37% and an inventory level standing at a promising 1.38 months. Also, with a building approvals Ratio at an excellent low of 0.3%, it’s evident Ballarat East is not oversupplied with new dwellings.

    Coming to the demand metrics, days on market for houses tally up to 54 days, a bit higher than desirable but not alarmingly so. The combined Vacancy Rate, an important factor indicating the unoccupied rental property, sits at just 1.08%, suggesting healthy demand. Lastly, the buy search index is at the average state/city level of 5, indicating a balanced ratio for properties on sale.

    From the presented statistics, Ballarat East offers a mixed bag of opportunities and challenges for property investors. Astute investors keeping abreast of the dynamic market and making informed decisions using tools like the RCS (Relative Composite Score) are likely to navigate this landscape successfully.

    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.

Leave a comment