Sell with Confidence
Read More
News

Ballarat’s Median House Price Hits Record $400k High

Ballarat’s median house price has reached $400,000 for the first time according to figures released by the Real Estate Institute of Victoria. This steady growth has lead to an increase of 1.3% over the June 2019 quarter and an impressive 10.8% over the past 12 months.

Notable Ballarat suburb growth for the June quarter was seen in Golden Point up an impressive 5.1% to $395,000, Ballarat East up 3.5% to $362,250 and Sebastopol up 2.6% to $297,500.

Over the last 12 months the top ten performing growth suburbs have been Golden Point up a staggering 32.6% to $395,000, Mount Pleasant up 28.3% to $382,500, Invermay Park up 22.8% to $480,000, Mitchell Park up 21.8% to $335,000, Lake Wendouree up 21.1% to $775,000, Black Hill up 20.6% to $457,500, Redan up 17% to $357,000, Wendouree up 16.8% to $326,000, Canadian up 12.6% to $397,000 and Soldiers Hill up 11.8% to $492,000.

Although Ballarat continues to show positive growth, Metropolitan Melbourne has again shown a decline of 1.1% for the June quarter with a median price of $785,000 for houses. Units and apartments saw a slight increase of 0.6% to $590,000.

Over the past 12 months, Regional Victoria has outperformed Melbourne with a 3.8% increase in the median house price.

Data source: REIV

Up to Date

Latest News

  • Ray White Now June 2022

    We now have a new federal government and with that comes change in leadership, policies and the way the country is run. The changing of the guard also comes at an interesting time for our economy and our property markets, with significant change in both since the start of the … Read more

    Read Full Post

  • Ballarat Vacancy Rates for May

    The residential rental vacancy rate in Ballarat has increased to 1.4% in May according to the latest figures released by the Real Estate Institute of Victoria. Ballarat’s median rent for houses in May has dropped slightly to $380 per week and the median rent for units/townhouses has increased to $325 … Read more

    Read Full Post