Get a property report and suburb profile for any property in Delacombe

Delacombe is a southern Ballarat suburb centred on the Delacombe Town Centre and shaped by recent residential development. Streets are mainly modern single-storey brick homes with some townhouses, arranged around small parks, playgrounds and sports fields that give the area a family-oriented feel. Local shops, community facilities and bus connections make errands and travel to Ballarat practical, while the suburb's fringe meets open paddocks and walking routes. The community has a median age of 39 and households are dominated by couple families; most homes are owner-occupied, with a combined owner-occupied share of 72.2% and 27.8% rented. Several public projects are under way or planned, including an expanded town centre anchored by Coles and ALDI, delivery of social and affordable housing, school upgrades including a new indoor competition-grade gym, and a funded community hub and kindergarten expansion managed locally by Ballarat Neighbourhood Centre. Whether Delacombe suits you depends on whether that mix fits what you want.

Buying a house in Delacombe sits well above what a typical local household earned at the last Census. A median house price of $620,000 is about 8.9 times a typical local annual household income (the Census weekly household income was $1,339, which equals $69,628 a year). Renting a house at $440 a week would take about 32.8% of that weekly household income, roughly a third, which is a sizeable share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Delacombe climbed 13.8% over the past 12 months, a strong rise on the price side of the market. Over the same period house rents rose 2.3%, a modest increase, so on the house side capital growth has outpaced rental income this year.

If you are mainly after capital growth, the house value change is the most relevant figure; if regular rental income is your priority, the rent movement is the figure to watch. Whether that mix fits your objectives and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.