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Ballarat Property Factsheet 1st Half 2018

The Ballarat property market is moving quickly. Houses recorded a median price of $425,000 and units recorded $255,000 in Q1 2018, which represents an annual price change of 21.4% and 1.0% respectively. Over the same period of time, house prices in the City of Ballarat (LGA) grew by 8.9% to $361,000 and unit prices grew by 2.6% to $241,000. Compared to the LGA, properties command a premium price in the Ballarat market. In this fast-paced market, home buyers and investors need to be ready to move quickly to secure their dream property.


The Ballarat property market is moving quickly. Houses recorded a median price of $425,000 and units recorded $255,000 in Q1 2018, which represents an annual price change of 21.4% and 1.0% respectively. Over the same period of time, house prices in the City of Ballarat (LGA) grew by 8.9% to $361,000 and unit prices grew by 2.6% to $241,000. Compared to the LGA, properties command a premium price in the Ballarat market. In this fast-paced market, home buyers and investors need to be ready to move quickly to secure their dream property.
Ballarat has a very high proportion (40.6%) of its residents occupying rented dwellings, which is great news for existing and potential investors. Over the past 12 months to Q1 2018, median rent in Ballarat has increased for house to $310 per week, while median rent for units currently sits at $260 per week. Investors are benefiting from rental yields of 5.6% (house) and 4.1% (units), well above that of Melbourne Metro’s 2.9% (house) and 3.8% (units) rental yields. These conditions, combined with low and downward trending vacancy rates, point to reduced risks for investors looking for sustainable investment options. Now is the time to invest in a lucrative market such as Ballarat.
Ballarat is set to see approx. $177.0M of new projects commencing in the 1st half of 2018. These projects will provide a good balance to the increase in dwelling stock, through local job creation and sustainable economic growth.

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