Sell with Confidence
Read More
News

Suburb Snapshot: Lucas

By Sarah Wilson

The size of Lucas is approximately 7.5 square kilometres and has two parks.The population of Lucas in 2011 was 645 people and by the 2016 Census the population was 998 showing a population growth of 54.7 per cent in the area during that time.

Lucas is a relatively new suburb created in 2011 after a precinct structure plan was lodged by Lascorp Australia. Lucas is named after Eleanor Lucas and the staff of her local textile company, who planted Ballarat’s Avenue of Honour after World War I.

One of Ballarat’s newest suburb, Lucas will cover an area of 750 hectares that is expected to house around 14,000 new homes as part of the City’s plan to support 30,000 people who are expected to move into the western growth areas over the next 15 years.

CoreLogic data indicates that the predominant age group in Lucas is 20- 29 years with households in Lucas being primarily couples with children and are likely to be repaying $1,400 – $1,799 per month on mortgage repayments and in general, people in Lucas work in a professional occupation. In 2011, 92.1 per cent of the homes in Lucas were owner-occupied compared with 60.7 per cent in 2016.

Source: Ballarat Times News Group

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