The Ballarat property market remains active, with strong demand across affordable entry-level homes, investment-ready properties, and high-end family residences. From Sebastopol and Ballarat East to Delacombe and Brown Hill, buyers and investors continue to take advantage of Ballarat’s affordability and long-term growth potential.
This weekly market update for 10th – 16th March 2025 provides a detailed breakdown of recent property sales, insights into key trends, and what they mean for buyers, sellers, and investors.
Sebastopol: The Investor’s and First-Home Buyer’s Market
Sebastopol remains a hotspot for first-home buyers and investors, with sales in this period demonstrating strong demand for affordable homes, townhouses, and vacant land.
Key Sales in Sebastopol
- 21 Hertford Street – Sold by Lachlan Sylvia for $205,000, this 386m² vacant land presents an opportunity for buyers looking to build.
- 5/6 Bala Street – David Morrison secured a $233,000 sale for this one-bedroom, one-bathroom unit, perfect for investors or downsizers.
- 3/6 Bala Street – Sold a day later (12th March 2025) for the same $233,000, proving continued interest in well-located, low-maintenance units.
- 4/250 Albert Street – A modern three-bedroom, two-bathroom unit listed by Richard Gent, selling for $415,000, reflecting demand for move-in-ready properties.
- 19A Verdon Street – David Wilson secured a $510,000 sale for this charming three-bedroom home, showcasing the increasing value of renovated properties in the area.
Market Insight
Sebastopol continues to offer affordable entry points for investors while attracting first-home buyers looking for value close to Ballarat’s CBD. With solid rental yields and price growth potential, this suburb remains a top pick for investors.
Ballarat East: Classic Homes and Renovation Potential
Ballarat East remains a favourite for buyers who appreciate heritage homes, period charm, and renovation potential.
Recent Sales in Ballarat East
- 513 York Street – Sold for $250,000, this two-bedroom home is a prime renovation opportunity.
- 130 Eureka Street – Sold by Lachlan Sylvia for $366,000, highlighting strong demand for character homes on well-sized blocks.
Market Insight
With Ballarat East’s proximity to the CBD, demand remains high for renovation-ready homes and investment properties with long-term growth potential. Buyers looking for value-added opportunities should keep an eye on this suburb.
Delacombe, Brown Hill and Smythes Creek: Modern Family Homes on the Rise
Larger homes in Ballarat’s outer suburbs continue to attract growing families and investors looking for modern living, extra space, and long-term capital growth.
Key Sales
- 7 Cooinda Drive, Delacombe – Sold for $530,000, featuring three bedrooms, two bathrooms, and a large four-car garage.
- 4 Sunbeam Street, Smythes Creek – Tony Zelencich secured a $505,000 sale for this four-bedroom, two-bathroom home on a 404m² block.
- 105 Daylesford Road, Brown Hill – Jason Ingram managed the $950,000 sale of this stunning five-bedroom home on a large 993m² block.
Market Insight
Buyers are prioritising space, modern designs, and lifestyle amenities. Delacombe and Smythes Creek continue to see price growth as new developments, shopping centres, and infrastructure improvements make them more desirable.
Ballarat North and Premium Sales
Ballarat North remains one of Ballarat’s most sought-after suburbs, offering a mix of period homes, modern renovations, and large blocks.
Key Sale
- 331 Walker Street, Ballarat North – A three-bedroom, one-bathroom home on a 576m² block sold for $465,000, demonstrating steady demand for family homes in this blue-chip suburb.
Market Insight
Ballarat North is a highly desirable area due to its proximity to the CBD, established neighbourhoods, and larger land sizes. Prices in this suburb continue to grow as more families and professionals seek a balance between city convenience and suburban tranquillity.
Investment Opportunities and Key Takeaways
For investors and buyers, this week’s sales provide several key insights into the Ballarat property market.
- Affordable Investment Properties – Units in Sebastopol sold for just $233,000, offering strong rental yields.
- Vacant Land Demand – Blocks like 21 Hertford Street ($205,000) are ideal for custom builds or future development.
- Renovation Potential – Older homes in Ballarat East and Sebastopol present opportunities for buyers looking to add value and increase equity.
- Growing Family Markets – Suburbs like Delacombe, Smythes Creek, and Brown Hill are seeing demand for modern, spacious homes as buyers prioritise comfort and long-term growth potential.
- High-Value Suburbs – Ballarat North continues to hold value and attract buyers looking for premium properties.
What’s Next for Ballarat’s Property Market?
The Ballarat real estate market remains strong and stable, driven by key factors.
- Continued Price Growth – Ballarat remains significantly more affordable than Melbourne, making it attractive for buyers looking to escape the city.
- Ongoing Development – Areas like Delacombe, Lucas, and Smythes Creek continue to grow, offering brand-new estates and amenities.
- Improved Transport and Infrastructure – Ballarat’s transport upgrades and growing amenities make it an increasingly desirable place to live.
- A Balanced Market – While demand is high, Ballarat continues to offer a range of properties across price points, from entry-level units to premium family homes.
Thinking of Buying or Selling?
If you’re looking to buy, sell, or invest in Ballarat, now is the time to take action. Top agents, including Lachlan Sylvia, David Morrison, Richard Gent, David Wilson, Jason Ingram, and Tony Zelencich, are ready to help you navigate the market.
Contact Ballarat’s leading agents today to discuss your next move and make the most of Ballarat’s thriving property market.
Stay tuned for next week’s market update to keep up with Ballarat’s latest property trends.
All sales data referenced from realestate.com.au.