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Ballarat Region

House sales in the Ballarat region are on par with Melbourne with house prices demonstrating growth of 8.2% over the past 12 months. This compares to Melbourne where house prices have fallen by -2.4% for the same period.

There have been 900 sales over the past 12 months, which is 385 fewer than for the same period last year.

Listing levels are also lower than last year with 2,615 currently for sale in comparison to 2,908 previously.

The most expensive suburb to buy a house in the Ballarat region is Lake Wendouree with a median sales price of $850,000, while the most affordable suburb for housing is Bakery Hill where the median price is .

The time it takes to sell is about the same as Melbourne generally with houses selling in 25 days compared with 40 days for Melbourne as a whole.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$335,000
(6)
$344,000
(3)
2$630,000
(7)
$365,000
(7)
3$600,000
(475)
$395,000
(128)
4$406,000
(456)
$290,000
(112)
5$380,000
(781)
$247,500
(193)
6NANA
7$310,000
(600)
$275,000
(177)
8$340,000
(583)
$245,000
(195)
9$320,000
(247)
$265,000
(130)
10$320,000
(531)
$277,000
(35)
11$310,000
(490)
$319,000
(13)
12$417,500
(293)
$275,000
(29)
13$361,500
(682)
$269,995
(194)

Median Sales

House
Unit
$406,739

Feb 2019
(12 months)

$440,000

Feb 2020
(12 months)

$305,000

Feb 2019
(12 months)

$329,000

Feb 2020
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

1,066
Feb 2019
(12 months)
739
Feb 2020
(12 months)

-30.7%

MOVEMENT


219
Feb 2019
(12 months)
161
Feb 2020
(12 months)

-26.5%

MOVEMENT

Number of Listings

 House Listings Unit Listings
2,167
448
25
Days on Market

Rentals

Rental Yield

4.4%

Median Asking Rent

$345
per week

Percentage Rented

HOUSES & UNITS
34%

Rental Yield

4.5%

Median Asking Rent

$265
per week

Definitions and Disclaimers

Sales metrics are for the period 1 Mar 19 - Feb 20 unless otherwise stated. For listings, 1 May 19 - Apr 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.