Ararat Real Estate, VIC, 3377, Ararat

Thinking about buying in Ararat? Now could not be a better time, with a whopping 4698 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $396,000 with prices in this suburb ranging from $49,000 to $1,412,000.

Distance to the coast is 124 Km. Search Residz

Housing Market Outlook

Consistent high demand relative to supply is a key feature in Ararat driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Ararat due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Ararat 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. Lower than average population density constrains growth in Ararat to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Ararat the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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Local Schools

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

Local Crime Stats


For Sale Local Listings


Nearby Suburbs

DENICULL CREEKDOBIEDUNNEWORTHYARMSTRONGNORVALCATHCARTWARRAKGREAT WESTERNROCKY POINTMOUNT COLE CREEK

Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.812.225.332.981.15.526.1
Feb1.412.023.939.184.45.321.8
Mar1.69.920.147.387.95.417.0
Apr1.58.316.154.588.14.812.6
May2.75.511.270.694.35.38.1
Jun2.63.78.380.797.35.16.7
Jul2.92.77.383.498.05.46.7
Aug2.42.78.773.896.45.310.1
Sept2.44.212.061.493.85.614.4
Oct1.86.116.050.789.65.619.8
Nov1.87.718.844.889.25.523.3
Dec1.310.222.636.282.85.426.6

source: Australian Government Bureau of Meteorology