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Mount Pleasant, VIC 3350

Home » VIC Real Estate Data » Ballarat City, VIC » Mount Pleasant, 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 Mount Pleasant, 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

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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 “Mount Pleasant, VIC 3350”

  1. The total adult population (15 years or older) of Mount Pleasant 3350 VIC is 1,860, with a median age of 35. Of those, 30.22% are married, 15.11% are divorced or separated, 50.65% are single and 4.30% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,648. The median monthly mortgage repayment for households in this suburb is $1,300 which is 19.55% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Victoria, the suburb of Mount Pleasant 3350 captures the essence of a dynamic property market with an impressive 1225 households. As we step into the third quarter of 2023, Mount Pleasant presents some intriguing statistics for those with a keen interest in the property sector.

    Here’s a deep dive into what the suburb’s property landscape looks like. The typical price for houses in Mount Pleasant is currently averaging at $518,396. Doing the maths with the median weekly rent of $385, property investors can anticipate an indicative yield of nearly 3.86% – that’s just above the attractice market threshold!

    The socio-economic backdrop of the area, represented by an IRSAD score of 931 out of 1217, suggests a reasonably favoured status with access to economic resources and a moderate level of income among residents.

    Understanding rental dynamics is crucial, and in Mount Pleasant, the renter to owner ratio stands at a tricky 42%. While this leans towards a larger renter population, it’s essential to factor in potential competition and evaluate the asset’s value accordingly. The units-to-houses ratio, on the other hand, sits favourably at a mere 8% – a testament to the suburb’s prevailing preference for family homes over units.

    Affordability in this market comes with a bit of patience; the affordability index sits at about 31 years. This suggests a modest strain on those looking to fully own a property in the area.

    However, let’s delve into the market supply dynamics in Mount Pleasant. The stock on market Percentage measures at a low 0.2%, and the inventory level for homes is at a promising 0.48 months, clearly indicating a low supply market scenario. Furthermore, the building approvals Ratio is a mere 0.1% – another indicator of restricted housing supply in the pipeline.

    The average days on market for a house is 65, indicating a fairly balanced market. In terms of market demand, the vacancy rate (combining houses and units) stands at a neutral 1.96%. The buy search index measures at an average rating of 5, so keep an eye on this figure as it might indicate increased future demand.

    At face value, Mount Pleasant appears to hold its position as an attractive investment proposition. Property investors need to review these dynamics continuously, ensuring a broad knowledge of property market trends. Remember that while some metrics may move into less favourable ranges, consistency across the majority of indices remains key in navigating through the ever-evolving property investment landscape. For a more detailed and comprehensive analysis, consider utilising an automated research tool like RCS, developed by HtAG Analytics, that takes into account over 80 metrics in its evaluations.

    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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