Sell with Confidence
Read More

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

Up to Date

Latest News

  • Powerhouse Agents Team Up

    Local agents Will Munro and Sam Borner have teamed up with Peter Ludbrook and Jarrod Cloke to create a powerhouse business at Ray White Ballarat. The merger of the two strong local real estate agencies solidified a powerful alliance in the local real estate market. This strategic move represents a … Read more

    Read Full Post

  • Ray White Now – February 2024

    Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply. With supply … Read more

    Read Full Post