Real Estate Invermay, VIC, 3352 Ballarat

Thinking about buying in Invermay? Now could not be a better time, with just 354 residential dwellings it's a highly sought after location.

The average property price for this area is $1,431,000 with prices in this suburb ranging from $196,000 to $4,586,000.

Distance to the coast is 74 Km.

Invermay Real Estate Market Outlook

In Invermay 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. Low average incomes in Invermay is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Invermay leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Invermay necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Invermay we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Invermay a better buying opportunity than it may have been in the past.

Household makeup

Median Weekly Rent $327.00
Median Monthly Mortgage $1841.60
Median Persons Per Bedroom 0.74
Average Household Size 3.00
Average Age 46.80
Average Income $779.20
Average Cars Per Dwelling 2.42
Average Properties Within 50M 1

Housing Stock

Typical Property Prices

1 Bed $602,000
2 Bed $919,000
3 Bed $853,000
4 Bed $1,524,000
5 Bed $1,513,000
6 Bed+$3,184,000
Instant Property Valuation

Houses for sale Invermay

Elders 13 RAY ST, INVERMAY, TAS, 7248 3 2 12 Buyers range $949,000 to $999,000
Firstnational FLAT 1, 1 EDDINGTON CR, INVERMAY, TAS, 7248 $275,000
Harcourts 14 GORDON ST, INVERMAY, TAS, 7248 3 1 1 Offers Over $250,000

Local Schools

Invermay Primary School

Little Bendigo Primary School

Ballarat North Primary School

Forest Street Primary School

Ballarat Secondary College

(While the above schools are located with the suburb of Invermay there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Invermay weather - Average Local Climate by month

Min (°C)
Max (°C)
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Max (%)
(MJ/sq m)

source: Australian Government Bureau of Meteorology

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Mount RowanChapel FlatInvermay ParkGlen ParkBallarat NorthNerrinaSulkyCabbage TreeWendoureeBlack Hill

Public Transport

General Points of Interest

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