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.
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