Week Ending 6 April 2025
Data sourced from realestate.com.au
Ballarat’s property market continued to demonstrate both strength and depth this week, with sales ranging from $230,000 entry-level homes to a $3 million luxury residence in Lake Wendouree. Buyers remain active across all brackets, showing confidence in both established family suburbs and fringe lifestyle areas.
The mix of activity across price points reflects a market that is both stable and appealing to a wide variety of buyers. From investors targeting rental-ready units to prestige buyers securing rare blue-chip properties, Ballarat is proving to be more than just a regional fallback.
Price Range and Market Overview
This week saw a strong level of transactions across the board. A number of family homes in Alfredton, Delacombe and Brown Hill sold in the mid to high $600,000s, showing continued demand from upgraders and local families. At the other end of the spectrum, several units and compact homes in Sebastopol, Alfredton and Wendouree changed hands for well under $400,000, highlighting ongoing affordability in select areas.
The top end of the market was led by a landmark $3 million sale in Lake Wendouree and a $1.28 million rural lifestyle property in Haddon, pointing to renewed interest from high-net-worth buyers.
Notable Sales
High-End Sales ($1 million and above)
25 to 27 Burnbank Street, Lake Wendouree sold for $3,000,000
279 Haddon School Road, Haddon sold for $1,280,000
These results show that Ballarat’s prestige market is still highly active when quality stock becomes available.
Mid-Range Sales ($500,000 to $900,000)
3 Sainsbury Court, Mount Clear sold for $740,000
10 Jasmine Drive, Delacombe sold for $670,000
32 Ryan Street, Brown Hill sold for $672,500
13 Chase Boulevard, Alfredton sold for $650,000
912 Eyre Street, Ballarat Central sold for $615,000
21 Macquarie Close, Delacombe sold for $599,000
6 Lynrose Close, Sebastopol sold for $558,000
449 Bells Road, Smythes Creek sold for $635,000
Affordable Market Highlights (Under $500,000)
2/1014 Eyre Street, Ballarat Central sold for $355,000
4/7 Leopold Street, Alfredton sold for $260,000
1/2 Alexandra Street, Sebastopol sold for $340,000
48 Albion Street, Sebastopol sold for $230,000
11 McNulty Drive, Wendouree sold for $430,000
Suburb Breakdown and Trends
Lake Wendouree remains the clear leader in prestige sales, with a rare $3 million transaction showcasing the suburb’s enduring appeal. Buyers in this bracket are seeking lifestyle locations with architectural character and long-term value. Haddon followed closely with a strong result for an acreage home, reinforcing continued demand for rural living within commuting distance of the city.
Alfredton, Brown Hill and Delacombe continue to dominate mid-range family purchases. These suburbs offer access to schools, shopping centres and modern housing, making them ideal for families moving up the property ladder. Brown Hill in particular is beginning to gain more attention from buyers seeking a quieter atmosphere without sacrificing proximity to the city.
Ballarat Central and Mount Clear continue to offer variety, with homes ranging from historic weatherboards to large modern family builds. The combination of charm and convenience keeps inner-city suburbs consistently competitive.
Sebastopol and Wendouree continue to deliver reliable options for first-home buyers and investors. These areas still offer sub-$400,000 properties and are attracting both locals and out-of-area buyers priced out of nearby suburbs. With proximity to shops, public transport and educational institutions, these suburbs remain value strongholds.
Emerging Market Trends
There is renewed interest in lifestyle properties on Ballarat’s rural fringe. The Haddon result highlights growing demand from buyers looking for privacy, land and long-term flexibility. Similarly, sales in Smythes Creek and parts of Brown Hill indicate more buyers are willing to trade longer commutes for extra space and liveability.
Investor activity remains strong in lower-priced suburbs such as Sebastopol, Mount Pleasant and Wendouree. Units and townhouses priced under $400,000 are moving quickly, especially if updated or in central locations. These properties are offering attractive rental yields in a tight vacancy environment.
Family buyers are driving competition in the $600,000 to $700,000 bracket. Homes in Alfredton and Delacombe with four bedrooms, multiple bathrooms and established gardens are seeing high levels of interest, particularly when well-presented.
Market Outlook
Looking ahead, Ballarat’s market remains well-positioned heading into mid-April. Stock levels are steady, with new listings continuing to come onto the market. Properties that are priced appropriately and presented well are selling quickly, particularly in the most in-demand family suburbs.
While winter is on the horizon, current buyer behaviour suggests activity will remain strong through April. Vendors should focus on presentation and pricing to attract early competition and shorten time on market. Buyers, meanwhile, are encouraged to act decisively as well-priced homes are unlikely to linger for long.
Ballarat’s overall position remains solid. Demand is broad-based, prices are holding firm, and confidence is present across all buyer segments.