Real Estate Lake Wendouree, VIC, 3350 Ballarat

Thinking about buying in Lake Wendouree? Now could not be a better time, with a whopping 1724 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,315,000 with prices in this suburb ranging from $140,000 to $9,653,000.

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Lake Wendouree Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Lake Wendouree ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Lake Wendouree provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Lake Wendouree 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 Lake Wendouree 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 Lake Wendouree a better buying opportunity than it may have been in the past.