Miners Rest is a smaller suburb in Victoria within the Ballarat local government area (postcode 3352). With a population of 3,829, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $103K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Miners Rest is $575,000, having dipped slightly 2.5% 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.
Miners Rest is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 17 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, Miners Rest offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($575K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -2.5% year-on-year.
Miners Rest is a smaller suburb in Victoria within the Ballarat local government area (postcode 3352). With a population of 3,829, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $103K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Miners Rest is $575,000, having dipped slightly 2.5% 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.
Miners Rest is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 17 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, Miners Rest offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($575K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -2.5% year-on-year.