Lucas is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 2,994, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $102K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lucas is $635,000, having dipped slightly 0.8% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,700.
Lucas is served by 2 schools, including 2 primary. The average ICSEA score is 1042, which is around the national average of 1,000. 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, Lucas offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($635K/$875K). The price-to-income ratio of 6.2x is considered moderate. House prices have moved -0.8% year-on-year.
Lucas is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 2,994, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $102K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lucas is $635,000, having dipped slightly 0.8% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,700.
Lucas is served by 2 schools, including 2 primary. The average ICSEA score is 1042, which is around the national average of 1,000. 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, Lucas offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($635K/$875K). The price-to-income ratio of 6.2x is considered moderate. House prices have moved -0.8% year-on-year.