Located in Victoria within the Ballarat local government area, Eureka is a small locality (postcode 3350). It is home to about 633 residents, with an established family demographic and a median age of 38. Households earn a median income of $61K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, professionals, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Eureka has a median house price of $425,000, which has declined steeply by 18.7% year-on-year. The current median weekly rent is $420. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,096.
Public transport access includes 7 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,856 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.1% (high yield). Property prices sit below the state median ($425K/$850K), which can point to relative value. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -18.7% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.