Lake Wendouree Real Estate, VIC, 3350, Ballarat

Thinking about buying in Lake Wendouree? Now could not be a better time, with a whopping 1717 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $874,000 with prices in this suburb ranging from $92,000 to $3,780,000.

Distance to the coast is 74 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 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.

About

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!


Local Schools

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

Local Crime Stats


For Sale Local Listings


Nearby Suburbs

LAKE GARDENSNEWINGTONBALLARAT CENTRALSOLDIERS HILLWENDOUREEREDANALFREDTONBALLARAT NORTHBAKERY HILLINVERMAY PARK

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