Eureka is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 633, the suburb has an established demographic with a median age of 38. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Eureka is $425,000, having dropped significantly 18.7% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,096.
Public transport access includes 7 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Eureka offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($425K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -18.7% year-on-year.
Eureka is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 633, the suburb has an established demographic with a median age of 38. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Eureka is $425,000, having dropped significantly 18.7% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,096.
Public transport access includes 7 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Eureka offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($425K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -18.7% year-on-year.