Highest rental yield suburbs in Ballarat
The top 25 suburbs in Ballarat by gross rental yield, ranked separately for houses and units. Gross yield is a year's median rent as a share of the median price. A suburb is ranked only when it has at least 10 sales of that dwelling type in the past year and a median price and rent that independent evidence agrees on, so a figure built from a handful of listings cannot top the table.
Highest rental yield suburbs in Ballarat: houses
Gross yield on the median house price and median weekly house rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | SebastopolVIC 3356 | 4.2% | $520,000 | $420/wk |
| 2 | RedanVIC 3350 | 4.1% | $520,000 | $410/wk |
| 3 | Ballarat EastVIC 3350 | 4.0% | $545,000 | $420/wk |
| 4 | Golden PointVIC 3350 | 4.0% | $550,000 | $410/wk |
| 5 | Mount PleasantVIC 3350 | 4.0% | $560,000 | $430/wk |
| 6 | WendoureeVIC 3355 | 4.0% | $540,000 | $410/wk |
| 7 | Ballarat NorthVIC 3350 | 3.9% | $610,000 | $460/wk |
| 8 | Black HillVIC 3350 | 3.9% | $605,000 | $440/wk |
| 9 | Mount ClearVIC 3350 | 3.9% | $600,000 | $450/wk |
| 10 | LucasVIC 3350 | 3.9% | $650,000 | $490/wk |
| 11 | DelacombeVIC 3356 | 3.9% | $600,000 | $440/wk |
| 12 | Invermay ParkVIC 3350 | 3.9% | $695,000 | $480/wk |
| 13 | SmythesdaleVIC 3351 | 3.9% | $660,000 | $460/wk |
| 14 | Miners RestVIC 3352 | 3.9% | $650,000 | $480/wk |
| 15 | CanadianVIC 3350 | 3.8% | $600,000 | $435/wk |
| 16 | AlfredtonVIC 3350 | 3.8% | $670,000 | $480/wk |
| 17 | Mount HelenVIC 3350 | 3.4% | $750,000 | $470/wk |
Highest rental yield suburbs in Ballarat: units
Gross yield on the median unit price and median weekly unit rent.
| # | Suburb | Gross yield | Median price | Median rent |
|---|---|---|---|---|
| 1 | RedanVIC 3350 | 5.1% | $380,000 | $370/wk |
| 2 | SebastopolVIC 3356 | 4.9% | $400,000 | $380/wk |
| 3 | Ballarat CentralVIC 3350 | 4.8% | $430,000 | $385/wk |
| 4 | AlfredtonVIC 3350 | 4.7% | $420,000 | $360/wk |
| 5 | Mount PleasantVIC 3350 | 4.7% | $460,000 | $400/wk |
| 6 | Golden PointVIC 3350 | 4.7% | $415,000 | $380/wk |
| 7 | WendoureeVIC 3355 | 4.7% | $380,000 | $340/wk |
| 8 | Brown HillVIC 3350 | 4.6% | $440,000 | $390/wk |
| 9 | Ballarat NorthVIC 3350 | 4.5% | $425,000 | $365/wk |
| 10 | CanadianVIC 3350 | 4.5% | $440,000 | $400/wk |
| 11 | Mount ClearVIC 3350 | 4.5% | $430,000 | $370/wk |
| 12 | Ballarat EastVIC 3350 | 4.5% | $410,000 | $380/wk |
| 13 | Black HillVIC 3350 | 4.4% | $465,000 | $355/wk |
| 14 | Soldiers HillVIC 3350 | 4.3% | $490,000 | $410/wk |
How this ranking works
- Gross yield is the median weekly rent x 52, divided by the median sale price, for each dwelling type.
- A suburb is ranked only with at least 10 sales of that dwelling type in the past 12 months, at least 1,000 residents, and a median price that independent evidence agrees on.
- Yields outside 3% to 9.5% are left out: figures beyond that range usually describe a wider area than the suburb, not the suburb itself.
- Where several suburbs share one postcode's figures, only the largest is listed. A rent shown as a dash is not yet well enough supported to publish.
- Suburb figures are refreshed as new market data arrives, at most about once a fortnight. Gross yield is before costs; use the rental yield calculator for net yield and cashflow on a specific property.
Rental yields in other states and cities
Growth outlook
Ballarat suburbs by 12-month outlook
Where prices are expected to rise or ease, ranked within each state.
Investment guide
Where to invest in Ballarat
Yield, growth, affordability and tight rental markets in one guide.
Calculator
Rental yield calculator
Gross and net yield, cashflow after interest and DSCR for one property.
Rental yield in Ballarat: frequently asked questions
Which Ballarat suburbs have the highest rental yield for houses?
On current figures the highest gross yields for houses in Ballarat are in Sebastopol VIC 3356, Redan VIC 3350 and Ballarat East VIC 3350. Sebastopol VIC 3356 leads at 4.2%, with a median house price of $520,000.
Which Ballarat suburbs have the highest rental yield for units?
For units, the highest gross yields in Ballarat are in Redan VIC 3350, Sebastopol VIC 3356 and Ballarat Central VIC 3350. Redan VIC 3350 leads at 5.1%, on a median rent of $370/wk.
How is gross rental yield calculated?
Gross rental yield = weekly rent x 52 / price x 100. A suburb's figure uses its median weekly rent and median sale price for that dwelling type. It is before costs: rates, insurance, management, maintenance, strata and vacancy usually take 1.5 to 2 percentage points off, which is the net yield.
Is the highest-yield suburb the best investment?
Not on its own. High yields often come with lower expected growth, a thinner buyer pool or more vacancy risk, and a high figure can reflect a fall in prices rather than a rise in rents. Use the ranking to find suburbs to research, then check each suburb's vacancy, growth outlook and recent sales.
How often are these rankings updated?
Suburb medians are refreshed as new market data arrives, at most about once a fortnight, and this page picks the changes up within a day.
General information only, not personal financial advice. Check a suburb's own page and recent sales before relying on any figure.