Bonshaw is a small community in Victoria within the Ballarat local government area (postcode 3352). With a population of 949, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $96K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Bonshaw is $515,000, having dropped significantly 8% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,500.
The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Bonshaw offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($515K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -8.0% year-on-year.
Bonshaw is a small community in Victoria within the Ballarat local government area (postcode 3352). With a population of 949, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $96K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Bonshaw is $515,000, having dropped significantly 8% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,500.
The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Bonshaw offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($515K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -8.0% year-on-year.