Cardigan is a small community in Victoria within the Ballarat local government area (postcode 3352). With a population of 1,064, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $141K per year, with an average household size of 3.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Cardigan is $1.0 million, having dropped significantly 9.1% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,167.
Public transport access includes 1 bus stop. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Cardigan offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 7.4x is considered moderate. House prices have moved -9.1% year-on-year.
Cardigan is a small community in Victoria within the Ballarat local government area (postcode 3352). With a population of 1,064, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $141K per year, with an average household size of 3.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Cardigan is $1.0 million, having dropped significantly 9.1% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,167.
Public transport access includes 1 bus stop. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Cardigan offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 7.4x is considered moderate. House prices have moved -9.1% year-on-year.