Thinking about buying in Ballarat? Now could not be a better time, with just 59 residential dwellings it's a highly sought after location.
The average property price for this area is $824,000 with prices in this suburb ranging from $790,000 to $1,431,000.
Distance to the coast is 71 Km.
|Median Weekly Rent||$311.00|
|Median Monthly Mortgage||$1763.33|
|Median Persons Per Bedroom||0.77|
|Average Household Size||2.67|
|Average Cars Per Dwelling||2.44|
|Average Properties Within 50M||2|
|3 Bed $852,000|
|4 Bed $1,083,000|
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Ballarat are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Ballarat classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Ballarat requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|250 CLARKES RD, GLEN PARK, VIC, 3352||3||1||12||$890,000 - $910,000|
Glen Park Primary School(While the above schools are located with the suburb of Ballarat there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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