Invermay Park is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 1,692, the suburb has a mature demographic with a median age of 50. Households earn a median income of $92K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Invermay Park is $573,000, having dropped significantly 17.6% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,517.
Public transport access includes 15 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, Invermay Park offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($573K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved -17.6% year-on-year.
Invermay Park is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 1,692, the suburb has a mature demographic with a median age of 50. Households earn a median income of $92K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Invermay Park is $573,000, having dropped significantly 17.6% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,517.
Public transport access includes 15 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, Invermay Park offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($573K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved -17.6% year-on-year.