Mount Helen is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 3,011, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $108K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Helen is $643,000, having surged 10.8% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,600.
Mount Helen is served by 1 school, including 1 primary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 19 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, Mount Helen offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($643K/$875K). The price-to-income ratio of 6.0x is considered affordable. House prices have moved +10.8% year-on-year.
Mount Helen is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 3,011, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $108K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Helen is $643,000, having surged 10.8% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,600.
Mount Helen is served by 1 school, including 1 primary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 19 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, Mount Helen offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($643K/$875K). The price-to-income ratio of 6.0x is considered affordable. House prices have moved +10.8% year-on-year.