Real Estate Mount Pleasant, VIC, 3350 Ballarat

Thinking about buying in Mount Pleasant? Now could not be a better time, with a whopping 1344 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $540,000 with prices in this suburb ranging from $136,000 to $1,465,000.

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Mount Pleasant 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. 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 Mount Pleasant due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Mount Pleasant changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Mount Pleasant requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Mount Pleasant 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 Mount Pleasant a better buying opportunity than it may have been in the past.