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Ballarat Rental and Investment 2nd Half of 2018

The Ballarat rental market continues to serve investors well, particularly for houses. Median house rental price increased by 8.5% over the past 12 months to Q3 2018, to $320 per week. During this time the number of houses rented also increased, by 13.7%. This suggests real growth in investment returns and that median rental price increase was not due to a scarcity in the market.

The Ballarat rental market continues to serve investors well, particularly for houses. Median house rental price increased by 8.5% over the past 12 months to Q3 2018, to $320 per week. During this time the number of houses rented also increased, by 13.7%. This suggests real growth in investment returns and that median rental price increase was not due to a scarcity in the market. Average days on market for both house and units have decreased, by -19.4% and -23.3% respectively, which suggests that there is a quick uptake of rental properties.

Rental returns are particularly strong in Ballarat, at 3.9% (house) and 4.4% (units) respectively. This is well above that of Melbourne Metro’s rental yields of 2.7% (house) and 3.9% (units).

Vacancy rates in Ballarat were 1.3% in June 2018, a record low over the past 3 years. Vacancy rates in Ballarat have trended downwards, suggesting a healthy rental demand. Furthermore, Ballarat vacancy rates are lower than Melbourne Metro, which confirms it as an investment hotbed.

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