The housing market in Ballarat Central, located in the heart of Ballarat, Victoria, has experienced considerable development and evolution in recent years. Known for its blend of historic charm and modern convenience, Ballarat Central has become an increasingly attractive location for both investors and homebuyers. The area boasts a mix of heritage-listed properties alongside contemporary apartments, offering a diverse range of housing options to suit different budgets and preferences. Housing prices in Ballarat Central have seen a steady appreciation, driven by the suburb's growing popularity as a regional hub. Its robust infrastructure, including schools, healthcare facilities, and a variety of retail and dining options, further enhances its appeal. The proximity to Melbourne, with convenient train services, also makes it a viable option for those seeking a balance between city life and a more relaxed lifestyle.
Living in Ballarat Central offers a unique blend of cultural richness and community spirit, characteristic of regional Victoria. The suburb is known for its vibrant arts scene, with galleries, theaters, and cultural events such as the Ballarat International Foto Biennale bringing the community together. Residents often enjoy the peaceful yet dynamic atmosphere of a town that values its history while embracing contemporary developments. The area features several well-maintained parks and gardens, like the beautiful Ballarat Botanical Gardens, providing plenty of outdoor spaces for recreation and leisure. Locals benefit from a strong sense of community, with friendly neighbors and regular markets showcasing local produce and crafts. Overall, Ballarat Central offers an enriching quality of life, combining the tranquility of a regional town with the convenience and amenities found in larger urban areas.
Median Weekly Rent | $315.25 |
Median Monthly Mortgage | $1829.60 |
Median Persons Per bed houseroom | 0.73 |
Average Household Size | 2.05 |
Average Age | 44.15 |
Average Income | $862.25 |
Average Cars Per Dwelling | 1.52 |
Average Properties Within 50M | 18 |
Typical 1 bed house | $595,000 |
Typical 2 bed house | $614,000 |
Typical 3 bed house | $839,000 |
Typical 4 bed house | $1,395,000 |
Typical 5 bed house | $1,539,000 |
Typical 6 bed+ house | $2,195,000 |
Housing Stock
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Thinking about buying in Ballarat Central? Now could not be a better time, with 5064 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $889,000 with prices in this suburb ranging from $90,000 to $9,255,000. 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 Ballarat Central 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 Ballarat Central 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 Ballarat Central 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 Ballarat Central 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 Ballarat Central a better buying opportunity than it may have been in the past.
Instant Property ValuationBallarat Primary School (Dana Street)
St Patrick's School
Pleasant Street Primary School ( Ballarat)
Macarthur Street Primary School
Ballarat Clarendon College
Urquhart Park Primary School
St Patrick's College Ballarat
Mount Pleasant Primary School
St Columba's School
St Aloysius' School
(While the above schools are located with the suburb of Ballarat Central there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 11.8 | 27.4 | 29.5 | 91.9 | 5.8 | 25.9 |
Feb | 1.4 | 12.2 | 26.1 | 35.5 | 93.9 | 5.8 | 21.7 |
Mar | 1.1 | 10.6 | 23.4 | 38.1 | 95.2 | 5.5 | 16.8 |
Apr | 1.5 | 7.8 | 18.6 | 49.5 | 96.9 | 4.8 | 12.3 |
May | 1.8 | 5.4 | 14.1 | 63.5 | 97.9 | 5.0 | 8.7 |
Jun | 1.9 | 3.6 | 11.2 | 74.0 | 99.0 | 4.9 | 7.2 |
Jul | 2.1 | 3.4 | 10.5 | 74.3 | 98.9 | 5.7 | 7.5 |
Aug | 1.9 | 3.3 | 11.6 | 65.1 | 98.4 | 5.6 | 10.4 |
Sept | 2.2 | 4.6 | 14.3 | 58.1 | 97.1 | 5.6 | 14.4 |
Oct | 1.6 | 6.5 | 18.1 | 49.6 | 96.4 | 5.4 | 19.8 |
Nov | 1.6 | 8.3 | 20.8 | 44.7 | 96.5 | 5.3 | 22.6 |
Dec | 1.3 | 10.3 | 24.6 | 33.7 | 93.8 | 5.6 | 25.5 |
source: Australian Government Bureau of Meteorology
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