Mount Pleasant is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 2,225, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Pleasant is $473,000, having declined 5.5% over the past year. Units have a median price of $376,000 (-11.1% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,300.
Public transport access includes 12 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 Pleasant offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($473K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -5.5% year-on-year.
Mount Pleasant is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 2,225, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Pleasant is $473,000, having declined 5.5% over the past year. Units have a median price of $376,000 (-11.1% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,300.
Public transport access includes 12 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 Pleasant offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($473K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -5.5% year-on-year.