All About Bunkers Hill, Ballarat, VIC, 3352

Bunkers Hill, located in the picturesque region of Ballarat, Victoria, offers a unique blend of rural charm and convenient accessibility. The housing market in this area is characterized by spacious properties and a peaceful environment, appealing to families and retirees seeking a quieter lifestyle away from the hustle and bustle of city life. In recent years, the demand for properties in Bunkers Hill has seen a modest increase as more people look for affordable housing options with a more generous land size compared to urban areas. The housing stock primarily consists of single-family homes, many of which are set on expansive plots, offering a perfect setting for gardening enthusiasts or those desiring space for outdoor activities. Property prices here are typically more affordable than in central Ballarat, making it an attractive place for first-time home buyers.

Living in Bunkers Hill provides residents with the charm of countryside living while still being within a reasonable driving distance from the amenities and services of Ballarat. The area is known for its friendly community atmosphere, creating a welcoming environment where neighbors often know each other and communal events are not uncommon. The natural beauty of the region is another highlight, with opportunities for enjoying outdoor activities such as hiking and picnicking. Despite its rural feel, Bunkers Hill does not compromise on necessary conveniences, as the commute to shopping centers, schools, and healthcare services in Ballarat is relatively straightforward. Overall, Bunkers Hill offers a blend of tranquility and practicality, ideal for those wishing to enjoy a serene lifestyle while maintaining connections to urban conveniences.

Bunkers Hill Real Estate Market Outlook

Thinking about buying in Bunkers Hill? Now could not be a better time, with just 106 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $842,000 with prices in this suburb ranging from $682,000 to $1,159,000. The aproximate distance to the coast is 76 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Bunkers Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Bunkers Hill changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Bunkers Hill to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Bunkers Hill the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!