Although I’m 100 per cent sure that all property forecasts published right now won’t get the outlook spot on, one thing we can be certain about is that this year, price growth will be slower than last year. Interest rates are now on the move and with this, growth in … Read more
Ballarat’s median house sale price jumped 4.8% during the March 2022 quarter resulting in a 22.1% increase over the last 12 months according to figures released by the Real Estate Institute of Victoria. Our median house price has again reached new record high of $550,000, up from $525,000 in the … Read more
The residential rental vacancy rate in Ballarat has increased slightly since February to 1.2% in March according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in March was $380 per week and the median rent for units/townhouses was $303 per week. … Read more
This time last year, you could’ve bought anywhere and be almost guaranteed a capital gain on your property. This year, conditions are far more complicated. In Melbourne and Sydney, prices are stabilising while in other cities, price growth is not quite as strong as it was in the final quarter … Read more
Thankfully, the worst of COVID-19 appears to now be over. For property markets however, things have become a lot more complicated and this will influence both prices and rents over the next 12 months. Positively, our economy is firmly in growth mode and international borders have reopened. There is, however, … Read more
The residential rental vacancy rate in Ballarat has remained at 1.1% in February according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in February was $380 per week and the median rent for units/townhouses was $310 per week. Below is a … Read more
The residential rental vacancy rate in Ballarat has dropped slightly to 1.1% in January, down from 1.2% in December according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in January was $380 per week and the median rent for units/townhouses was … Read more
The pandemic rolls on, as does house price growth. While there’s been a lot of talk of a slowdown, there’s still very little evidence that it’s actually happening. In every capital city we saw better price growth conditions in the final quarter of 2021 than we did in the previous … Read more
Ballarat’s median house sale price jumped 5.0% during the December 2021 quarter resulting in a 20.0% increase over the last 12 months according to figures released by the Real Estate Institute of Victoria. Our median house price has again reached new record high of $525,000, up from $500,000 in the … Read more
The residential rental vacancy rate in Ballarat has increased slightly to 1.2% in December, up from 1.1% in November according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in December was $370 per week and the median rent for units/townhouses was … Read more