Miners Rest, located in the Ballarat region of Victoria, has seen significant developments in its housing market, making it an attractive option for homebuyers seeking tranquility and accessibility. This suburb offers a beautiful blend of semi-rural charm and modern amenities, appealing to families and individuals alike. In recent years, Miners Rest has experienced a steady increase in property prices, driven by growing demand and its proximity to Ballarat, which is just a short drive away. Despite the rising prices, the area still offers more affordable housing options compared to metropolitan centers, drawing interest from both investors and first-time buyers. The housing stock is diverse, ranging from contemporary builds to larger lifestyle properties, providing a variety of options to suit different needs and budgets.
Living in Miners Rest offers residents a peaceful community feel, while still providing easy access to city conveniences. The suburb is characterized by wide open spaces, parks, and walking trails, making it ideal for outdoor enthusiasts. The Miners Rest community is close-knit, with various local events and activities that bring neighbors together, fostering a friendly and welcoming atmosphere. Essential amenities, such as schools, shops, and healthcare facilities, are conveniently located either within the suburb or in nearby Ballarat, ensuring that residents do not have to travel far for their needs. The blend of rural serenity and modern comforts makes Miners Rest a desirable place for those looking to escape the hustle and bustle of city life while still enjoying a connected lifestyle.
Median Weekly Rent | $337.00 |
Median Monthly Mortgage | $1518.00 |
Median Persons Per bed houseroom | 0.78 |
Average Household Size | 3.00 |
Average Age | 35.20 |
Average Income | $890.00 |
Average Cars Per Dwelling | 2.20 |
Average Properties Within 50M | 6 |
Typical 1 bed house | $677,000 |
Typical 2 bed house | $539,000 |
Typical 3 bed house | $618,000 |
Typical 4 bed house | $743,000 |
Typical 5 bed house | $1,054,000 |
Typical 6 bed+ house | $726,000 |
Housing Stock
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Thinking about buying in Miners Rest? Now could not be a better time, with 1696 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $674,000 with prices in this suburb ranging from $115,000 to $2,511,000. The aproximate distance to the coast is 79 Km.
In Miners Rest there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Miners Rest 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 Miners Rest 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Miners Rest 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 ValuationMiners Rest Primary School
Ballarat Secondary College
Our Lady Help of Christians School
Forest Street Primary School
Yuille Park P-8 Community College
(While the above schools are located with the suburb of Miners Rest 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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