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Ballarat North, VIC 3350

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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 North, 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

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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™

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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 “Ballarat North, VIC 3350”

  1. The total adult population (15 years or older) of Ballarat North 3350 VIC is 3,324, with a median age of 43. Of those, 42.27% are married, 14.08% are divorced or separated, 35.26% are single and 8.75% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $7,656. The median monthly mortgage repayment for households in this suburb is $1,416 which is 18.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria, BALLARAT NORTH 3350 is a picturesque suburb home to around 2106 households. As we move into the third quarter of 2023, the property market in BALLARAT NORTH presents a notable landscape of opportunities and statistics that potential investors may wish to peruse.

    Typical prices for houses within the suburb currently stand at $614,297, and with a median weekly rent value of $381, investors are looking at an indicative yield of slightly over 3.2% – a figure that meets the minimum market requirement for cashflow-centered property investors.

    BALLARAT NORTH’s socio-economic climate is reflected by its IRSAD score of 974 out of 1217, indicating a relatively strong socio-economic status. Meanwhile, the renter to owner ratio sits at 31%, just barely above the threshold for a balanced market, offering potential for both rental income and capital appreciation.

    When looking at property types, BALLARAT NORTH displays a liking for houses over units. With a units to houses ratio of just 12%, this indicates a market geared more towards family homes. Such a low proportion of units helps maintain higher rental yields due to less competition among landlords for tenants.

    In terms of affordability, BALLARAT NORTH edges over the line slightly with an affordability index of 31 years for houses – but this is not far from the upper limit of desirability.

    The suburb also maintains a healthy supply-demand balance. This is apparent from the stock on market percentage for houses, which rests at a favourable 0.38%, and an inventory level at a low 1.04 months. The relatively low building approvals ratio of 0.05% also suggests that the area is not overly saturated with new homes for sale.

    However, the market does exhibit a slightly lower demand than optimal. Houses spend an average of 90 days on the market before being sold, indicating a slower pace of transactions. Additionally, the vacancy rate stands at beneath-average 1.54%, and the buy search index for houses at 5, indicating that while the market may not be overwhelmed with interested buyers, there is still positive interest from potential investors.

    Taking into consideration all these factors and their trends – which can be better visualised in the dashboard – BALLARAT NORTH’s property market presents a favourable investment environment. However, do remember that while these metrics and insights provide a solid foundation for investment decision-making, the RCS or Relative Composite Score developed by HtAG Analytics holds the potential to fine-tune your evaluation using a comprehensive set of over 80 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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