Ballarat is Victoria's third-largest city and a major regional property market 110 km north-west of Melbourne. A historic gold rush city with fine Victorian architecture, outstanding Sovereign Hill tourist attraction and rapid population growth driven by affordable prices and Melbourne commute affordability. One of Australia's best-performing regional city markets over the past decade. At the current $560k median house price, an 80% loan at 6.25% over 30 years is about $2,758 per month.
| Median house price | $560,000 |
|---|---|
| Median unit price | $370,000 |
| Estimated monthly repayment | $2,758 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8% |
| Gross rental yield | 5% |
| Typical days on market | 24 |
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