Ballarat Central is a mid-sized suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 5,378, the suburb has an established demographic with a median age of 41. Households earn a median income of $76K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Ballarat Central is $575,000, having declined 6% over the past year. Units have a median price of $390,000 (-2.1% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,600.
Public transport access includes 2 rail stations, 60 bus stops. Healthcare facilities include 2 public and 1 private hospitals. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Ballarat Central offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($575K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved -6.0% year-on-year.
Ballarat Central is a mid-sized suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 5,378, the suburb has an established demographic with a median age of 41. Households earn a median income of $76K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Ballarat Central is $575,000, having declined 6% over the past year. Units have a median price of $390,000 (-2.1% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,600.
Public transport access includes 2 rail stations, 60 bus stops. Healthcare facilities include 2 public and 1 private hospitals. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Ballarat Central offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($575K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved -6.0% year-on-year.