All About Bakery Hill, Ballarat, VIC, 3350

Bakery Hill, located in Ballarat, Victoria, is a vibrant and evolving suburb that offers a unique blend of historical charm and modern convenience. The housing market in Bakery Hill has seen a steady increase in demand, largely due to its strategic location and the array of amenities available to residents. Property types in this area range from charming period homes to sleek, contemporary apartments, catering to a diverse demographic that includes young professionals, families, and retirees. The suburb's proximity to the Ballarat CBD makes it an attractive option for those seeking a balance between urban living and a peaceful residential environment. Moreover, ongoing development initiatives in the area have contributed to enhancing its appeal, making it an increasingly popular choice in the Ballarat region.

Living in Bakery Hill offers residents the advantage of enjoying a close-knit community atmosphere with access to a host of local facilities and attractions. The suburb is home to various cafes, restaurants, and shops, providing plenty of options for dining and leisure activities. Additionally, Bakery Hill's historical significance, marked by landmarks such as the Eureka Stockade and beautiful Victorian architecture, adds to its unique character and appeal. Public transport is readily available, ensuring easy connectivity to other parts of Ballarat and beyond. The suburb's friendly, welcoming vibe, combined with its picturesque setting and convenience, makes it a desirable place to call home for those who value a balanced lifestyle in a culturally rich environment.

Bakery Hill Real Estate Market Outlook

Thinking about buying in Bakery Hill? Now could not be a better time, with just 350 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $796,000 with prices in this suburb ranging from $336,000 to $2,097,000. The aproximate distance to the coast is 73 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Bakery Hill ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Bakery Hill provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Bakery Hill necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Bakery Hill we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bakery Hill a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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