Bakery Hill Real Estate, VIC, 3350, Ballarat

Thinking about buying in Bakery Hill? Now could not be a better time, with just 340 residential dwellings it's a highly sought after location.

The average property price for this area is $694,000 with prices in this suburb ranging from $302,000 to $1,350,000.

Distance to the coast is 73 Km. Search Residz

Housing Market Outlook

Good balance between suppy and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Bakery Hill 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 Bakery Hill 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 Bakery Hill 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 Bakery Hill 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 Bakery Hill a better buying opportunity than it may have been in the past.

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Local Schools

None within suburb boundary

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

Local Crime Stats


Nearby Suburbs

GOLDEN POINTBALLARAT CENTRALEUREKABLACK HILLSOLDIERS HILLBALLARAT EASTMOUNT PLEASANTBALLARAT NORTHREDANCANADIAN

Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.311.827.429.591.95.825.9
Feb1.412.226.135.593.95.821.7
Mar1.110.623.438.195.25.516.8
Apr1.57.818.649.596.94.812.3
May1.85.414.163.597.95.08.7
Jun1.93.611.274.099.04.97.2
Jul2.13.410.574.398.95.77.5
Aug1.93.311.665.198.45.610.4
Sept2.24.614.358.197.15.614.4
Oct1.66.518.149.696.45.419.8
Nov1.68.320.844.796.55.322.6
Dec1.310.324.633.793.85.625.5

source: Australian Government Bureau of Meteorology