Mount Pleasant is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). The area has roughly 2,225 residents and a blend of families and working-age professionals, with a median age of 35. Households earn a median income of $70K per year, with an average household size of 2.3 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Mount Pleasant stand at $473,000, having moved lower by 5.5% over the last twelve months. Units have a median price of $330,000 (-12.1% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,300.
Public transport access includes 12 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, The gross rental yield works out to roughly 4.6%, which reads as moderate yield. Property prices sit below the state median ($473K/$850K), which can point to relative value. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -5.5% 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.