Ballarat East, VIC 3350: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Ballarat East, the median property price for a house is currently $477,500 with annual capital growth of -4.50% . There were 134 house sales in the past 12 months. On average, houses spend 48 days on market.

If you're thinking about buying an investment property in Ballarat East, consider that rental yields for houses are currently 4.35% with an average median rent of $400 weekly. Houses have seen -0.52% growth in the past quarter, and -4.50% growth in the past 12 months.

The size of Ballarat East is approximately 6 square kilometres. It has 15 parks covering nearly 21% of total area. The population of Ballarat East in 2011 was 5,308 people. By 2016 the population was 5,612 showing a population growth of 5.7% in the area during that time. The predominant age group in Ballarat East is 20-29 years.

Households in Ballarat East are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat East work in a professional occupation. In 2011, 60% of the homes in Ballarat East were owner-occupied compared with 56.7% in 2016.

In Ballarat East, the median property price for a unit is currently $407,500 with annual capital growth of 2.84% . There were 22 unit sales in the past 12 months. On average, units spend 47 days on market.

If you're thinking about buying an investment property in Ballarat East, consider that rental yields for units are currently 4.94% with an average median rent of $370 weekly. Units have seen -5.67% growth in the past quarter, and 2.84% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$477,500	$407,500
Quarterly growth	-0.52%	-5.67%
12-month growth	-4.50%	+2.84%
Average annual growth	+6.41%	+7.39%
Weekly median rent	$400	$370
Gross rental yield	4.35%	4.94%
Number of Sales (12m)	134	22
Avg. Days on Market (12m)	48	47

Jump to Market Trends

Key Demographics	2011	2016
Total population	5,308	5,612
Population change (5y)	+6.27%	+5.70%
Median household income (p/w)	$858	$971
Household income change (5y)	+26.55%	+13.17%
Median age of persons	38	40

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Ballarat East is $477,500 for houses and $407,500 for units.

The Median Growth in Ballarat East over the past 12 months is -4.50% for houses and 2.84% for units.

Over the past 12 months there were 134 houses sold and 22 units sold in Ballarat East. On average, houses spent 48 days on market and units spent 47 days on market.

In the past 12 months up to September 2024 there were 134 houses sold and 22 units sold in Ballarat East. On average, houses spent 48 days on market and units spent 47 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Ballarat East is $400 for houses and $370 for units.

The Rental Yield in Ballarat East is 4.35% for houses and 4.94% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Ballarat East was 5,612 in 2016, a +5.70% change compared to 2011.

The predominant age group in Ballarat East is 20-29 years.

The population of Ballarat East was 5,612 in 2016, a +5.70% change compared to 2011.

The predominant age group in Ballarat East is 20-29 years.

Most of the population in Ballarat East were born in Australia.

Most of the population in Ballarat East report their religion as No Religion.

Most of the population in Ballarat East report their income range as between $15,000 and $33,000 .

The median household income in Ballarat East was $971 in 2016, a +13.17% change compared to 2011.

Most of the population in Ballarat East report their income range as between $15,000 and $31,000 .

The median household income in Ballarat East was $858 in 2011, a +26.55% change compared to 2006.

Most of the population in Ballarat East work as Professional.

The chart below demonstrates the various levels of education in Ballarat East.

Most of the population in Ballarat East reached a qualification level of Certificate.

2011 2016

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