Suburb Profile Report for Ballarat VIC (3350)

Ballarat House: Median price $332,500, Annual capital growth 4.52%, Number of sales 101, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

At number 1954th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballarat, 3350 is in the top half with a property value increase of 5.98% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Ballarat comes in at number 610th in VIC.

Property investors looking for a bargain in Ballarat should be aiming for at least -5.84% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $3300 per annum or $275 every week.

Andrew Lewis Information supplied by:

Andrew Lewis
Colliers International

M 0418 508 908
O (03) 5327 0707

Once famous for it's gold fields, Ballarat is far more diverse these days. Located in Central Victoria, due west from the Melbourne CBD, Ballarat is an educational and health hub.
Two university campuses complement four private high schools; while well funded and recently constructed public and private hospitals provide employment and ensure quality health services in the area.
The local economy is driven in a large way by a number of recognisable companies, such as McCains, Freighters, Mars and Haymes Paint, which employ a fair chunk of the local population.
Ballarat is linked to Melbourne by the Western Highway and a fast train.Full summary

Selling points: Good growth over a number of years without the volatility found in some market places

Most sought after properties: Commercial investments in main street locations for under $2,000,000; or large Victorian houses

Most common properties: Ballarat is famous for its large intact Victorian housing stock

Top amenities: Ballarat has very strong educational and health based service sectors and thus creates an easy place to live. There are four private secondary schools, two universities and a private and public hospital, both being well funded and recently constructed.

Local industry and business: McCains, hospitals, tourism (including Sovereign Hill and Lake Wendouree) Mars, Freighters, Haymes Paint

Recent changes: Lake Wendouree is full and activity is returning on mass

Best streets: Webster Street and Lake Wendouree are the prime upper end residential areas, but Insigna golf course is developing very nicely, as has Lake Gardens

Public transport: The fast train to Melbourne could be faster and run more frequently and this is improving with time

Main arteries: Ballarat is one hour from Melbourne and Geelong and is on the road to Adelaide, while the beaches along the Bellarine are all within 90 minutes. Tullamarine and Avalon are less than one hour from Ballarat, so linkages across western Victoria are very strong.

Information supplied by:

 Andrew Lewis

Colliers International

(03) 5327 0707

0418 508 908


$332,500 N/A
-2.64% N/A
5.98% N/A
4.52% N/A
$275 N/A
101 N/A
4.30% N/A
68.88 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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