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Ballarat’s Median House Price Hits Record $411k High

By Sarah Wilson

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% to $410,000
Golden Point up 3.3% to $390,000
Lake Gardens up 3.2% to $557,500

Over the last 12 months the top performing growth suburbs have been:-

Black Hill up 16.3% to $500,000
Ballarat Central up 13.4% to $525,000
Lake Wendouree up 11% to $832,500
Alfredton up 9.1% to $484,050
Winter Valley up 8.4% to $450,000

Looking back Ballarat’s median house price in March 2015 was $310,000 and in March 2010 $257,500.

Metropolitan Melbourne has shown an increase of 3.7% for the March quarter with a median price of $893,000 for houses. Units and apartments saw a slight increase of 0.6% to $641,000 for the quarter.

Over the past 12 months, Regional Victoria has seen an increase of 2.5% in the median house price to $419,000.

Data source: REIV

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