Ballarat North is an affordable residential suburb adjacent to Lake Wendouree with community sporting infrastructure and easy access to the Ballarat CBD. Its rental yields above 5% attract Melbourne investors diversifying into regional Victoria. At the current $460k median house price, an 80% loan at 6.25% over 30 years is about $2,266 per month.
| Median house price | $460,000 |
|---|---|
| Median unit price | $310,000 |
| Estimated monthly repayment | $2,266 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 9% |
| Gross rental yield | 5.3% |
| Typical days on market | 14 |
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