fbpx

Suburb by suburb snapshot: BALLARAT EAST

October 25, 2018 BY

SUBURB PROFILE

The size of Ballarat East is approximately 6 square kilometres with 24 parks covering nearly 12.7% of total area.

The population of Ballarat East in 2011 was 5,308 people and by the 2016 Census the population was 5,612 showing a population growth of 5.7% in the area during that time.

Ballarat East has a rich cultural history, initially as an important food bowl and resting place for the local Aboriginal community, the Wadawurrung, and from the mid-1800’s as the site of Victoria’s first goldrush and subsequent settlement in Ballarat.

The East also contains a number of significant cultural and tourism attractions, including Sovereign Hill, the Museum of Australian Democracy at Eureka, the Ballarat Wildlife Park, Yarrowee River Trail and the Woowookarung Regional Park.

CoreLogic data indicates that the predominant age group in Ballarat East is 20-29 years and households in Ballarat East are primarily childless couples and are likely to be repaying $1,000 – $1,399 per month on mortgage repayments and in general, people in Ballarat East work in a professional occupation.

In 2011, 60% of the homes in Ballarat East were owner-occupied compared with 56.7% in 2016 with the current median sales price of houses in the area being $323,250.