Welcome to this week’s real time residential market insights, we’ve created this document to provide clarity to all our customers on what is happening in the market now. As Australasia’s largest real estate group, selling one in every nine homes across Australia, we are uniquely placed to provide our clients with the … Read more
The Real Estate Institute of Victoria have released the Victorian residential rental vacancy rates for April 2020 and the Ballarat market has remained relatively stable with a slight increase in the vacancy rate to 2.7% for April compared to 2.6% in March. Ballarat’s median house rent has dropped to $320 … Read more
We’re excited to announce a Landlord Information Webinar, hosted by Ray White and Loan Market Tuesday 19 May at 6pm (AEST). In an online format, this webinar will be free to attend and is open to all Ray White Ballarat landlords and customers. Ray White has been supporting landlords for … Read more
Ballarat’s median house price has reached a new high of $411,000 according to March 2020 quarter figures released by the Real Estate Institute of Victoria. Top suburbs for growth over the March quarter were:- Lake Wendouree up 12.3% to $832,500 Mount Helen up 6.3% to $445,000 Ballarat North up 3.8% … Read more
The latest figures released by the Real Estate Institute of Victoria indicate that the residential rental vacancy rate for Ballarat has increased slightly from last month and is now sitting at 2.6% from 2.4%. Ballarat median rents remained the same from February at $340pw, units/townhouses have also remained the same … Read more
Consumer Affairs Victoria recently announced new laws in relation to pets in rental properties would be introduced early and commence on Monday 2nd March 2020. The new laws mean it will be easier for renters (tenants) to have a pet. Under the law, a pet is any animal except an … Read more
Ballarat City Council has voted to submit a $5 million application to the Federal Government’s Regional Airports Fund to extend the Ballarat Airport’s main runway at its December 11 meeting. An extension to accommodate larger CODE 3 C planes would allow the airport to create $426.1 million in economic output … Read more
As 2019 draws to an end it is timely to reflect on the positivity in the Ballarat commercial market during the year and look ahead to likely trends in 2020. 2019 was a year of highlights for Ballarat as it continued to attract national media commentary as a market showing … Read more
Delacombe is approximately 5.4 square kilometres and has four parks covering nearly 1.9 per cent of total area. The population in 2011 was 4932 people and by the 2016 Census it was 6309, showing a population growth of 27.9 per cent in the area during that time. Delacombe is a … Read more
Eureka is approximately 0.4 square kilometres and has three parks covering nearly 20.6 per cent of total area. The population in 2011 was 628 people and by the 2016 Census was still 628. Eureka is enclosed on all sides by Ballarat East. It was named after the Eureka Park and … Read more