Median price · 7 years
Rolling 12-month median, all dwellings
$520,000+3.2% past 12 months
2020202120222023202420252026
Ballarat
Mixed signals Growth score 55 Top 91% of sample
Risk score 23 Low · lower is better
Stability score 78 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Moderate · 50
Listing scarcity15% Moderate · 52
Rental demand14% Moderate · 60
Days on market12% Weak · 45
Infrastructure investment11% Strong · 85
Jobs access10% Moderate · 60
Population growth8% Moderate · 53
Income growth7% Weak · 47
New supply pressure5% · negative High · 68
Key metrics vs benchmarks
VIC column is the sample-state average; national is the whole sample.
| Metric | Ballarat | VIC | National |
|---|---|---|---|
| Median price | $520,000 | $666,000 | $734,203 |
| 12-month growth | +3.2% | +1.6% | +8.4% |
| Gross rental yield | 4.0% | 3.7% | 4.0% |
| Vacancy rate | 1.5% | 1.9% | 1.3% |
| Days on market | 42 | 41 | 31 |
| Auction clearance | 58% | 60% | 62% |
| New supply pipeline | High | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
23Low risk
New supply pipelineApproved dwellings vs existing stock High · 68
Employment concentrationShare of jobs in the top two industries Low · 27
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 26
Vacancy pressureCurrent vacancy vs 2% threshold Low · 27
Hazard exposureFlood, bushfire and storm surge overlays Low · 8
Who lives here
ABS Census, latest release, aggregated to suburb
115,000population 38median age 65%owner-occupied 35%renting
Owner-occupiedRenting
Ballarat is regional Victoria's largest inland city with strong heritage character, growing government presence via GovHub, and improving fast rail connections to Melbourne. Affordability and lifestyle continue to attract Melbourne tree-changers.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Ballarat Fast Rail advocacy
- GovHub State Government offices
- Federation University campus expansion
- Ballarat Base Hospital expansion
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