Family buyers return, lifestyle blocks move fast, and investor activity stays strong across Ballarat
The final week of March capped off a strong month for Ballarat’s residential property market. Between 24 and 30 March 2025, a diverse mix of property types changed hands—from compact investment units in Wendouree to sprawling family homes in Alfredton and Soldiers Hill, to high-demand townhouses and rare blocks of land.
This week’s activity demonstrates the resilience and breadth of the Ballarat market. Whether you’re a first-home buyer in Sebastopol, an upgrader in Delacombe, or downsizing by Lake Wendouree, the numbers show Ballarat remains both competitive and accessible compared to other Victorian markets.
Here’s your detailed weekly analysis of key sales, suburb trends, and agent activity across the region.
Delacombe Dominates: Family Homes in High Demand
This week confirmed Delacombe’s reputation as one of Ballarat’s most dynamic growth corridors. A suburb favoured by young families and upgraders, Delacombe saw strong sales across multiple price points.
- 6 The Avenue, Delacombe sold for a commanding $850,000, managed by Dominic Morrison of Ballarat Real Estate. This four-bedroom, two-bathroom home with five-car accommodation on a generous 1,855m² block highlights growing demand for lifestyle properties with space and flexibility.
- At the more affordable end, 2 Hanwood Close, Delacombe was sold for $480,000 by Jay Kalogerakis, showing solid demand for three-bedroom homes on standard residential blocks.
Delacombe is increasingly popular for buyers priced out of Alfredton and Winter Valley but still wanting modern builds, generous blocks, and access to schools and Delacombe Town Centre.
Market takeaway: High-performing suburbs like Delacombe continue to attract family buyers and investors. Larger blocks are seeing notable interest, particularly when paired with updated homes or quality infrastructure.
Alfredton Offers Range and Reward
The week also brought strong results for Alfredton, with a spread of homes moving in both the mid-$400K range and the higher $500K–$600K bracket.
- 13 Cedar Avenue, Alfredton sold for $490,000, listed by Dominic Morrison. The three-bedroom home on a 726m² block reflects enduring interest in well-positioned properties near schools and parklands.
- 2/10 Cuthberts Road changed hands for $550,000, with Sarah Skinner of McGrath Ballarat overseeing the deal. This modern three-bedroom home on a 379m² block shows demand for low-maintenance living with style.
- Also of note, 41 Mary Drive was sold for $475,000 by Scott Petrie—a solid result for a newer home in a family-friendly pocket.
Market takeaway: Alfredton continues to appeal to a broad market—downsizers, young families, and investors. Properties under $600K are moving quickly, particularly those close to Ballarat High School and Lucas Town Centre.
Ballarat East and Central: Inner Suburbs, Steady Results
Buyers continue to show interest in Ballarat East, where value meets proximity to the CBD. The suburb’s mix of older homes, renovated properties, and larger blocks keeps demand consistent.
- 228 York Street (residential land, 1,048m²) sold for $350,000, brokered by Oscar Currell. Vacant blocks of this size and location are increasingly rare.
- 17 Cecile Court, Ballarat East was sold for $495,000 by Joshua Donaldson—a tidy result for a three-bedroom, two-bathroom home.
- 5 Frances Crescent changed hands for $477,000, sold by Tash Guinea, showcasing strong buyer appetite for three-bedroom period homes with modern upgrades.
In neighbouring Ballarat Central, 403 Errard Street South sold for $900,000, a premium result managed by Sean Toohey, indicating that high-quality homes in prime locations continue to attract serious buyers.
Market takeaway: Inner suburbs continue to perform well. Buyers are still prepared to pay for period charm, inner-city access, and walkability—especially when homes are well-maintained or updated.
Bonshaw, Winter Valley and Miners Rest: The Urban Fringe Stays Hot
Ballarat’s newer and outer suburbs continue to show their strength.
- 2 Bliss Street, Winter Valley, a three-bedroom home, sold for $620,000 with Damian Larkin.
- 57 Berrigan Drive, Bonshaw, managed by Adam Vranesic, secured $595,000 for a four-bedroom home on 448m².
- 33 Goyin Street, Bonshaw, listed by Tony Zelencich, sold for $481,650—evidence that modern homes with good rental appeal are still moving fast.
- 66 Howe Street, Miners Rest sold for $455,000 with Jay Kalogerakis—a strong result in a popular semi-rural locale.
Market takeaway: Newer homes in fringe suburbs remain high on the list for both owner-occupiers and investors. Price points under $650,000 for newer, low-maintenance homes are driving competition in these areas.
Wendouree: Still a Stronghold for Investors and Entry-Level Buyers
Wendouree proved again why it’s one of Ballarat’s most consistent performers.
- 1162 Norman Street, a neat three-bedroom home with a four-car garage, sold for $485,000, listed by Jay Kalogerakis.
- 2/428-430 Gillies Street North (two-bedroom unit) changed hands for $285,000, sold by Damian Larkin—a highly affordable entry into the market.
These sales reflect Wendouree’s value proposition. With a mix of units, townhouses, and family homes, the suburb continues to attract interest from investors, downsizers, and first-home buyers alike.
Market takeaway: Rental yields remain strong in Wendouree, and low-maintenance homes under $500K are still in high demand.
Lake Wendouree and Soldiers Hill: Lifestyle and Prestige
At the prestige end of the market, two standout sales closed in iconic locations.
- 1C/18 Wendouree Parade, Lake Wendouree sold for $585,000, managed by Sarah Skinner. Two-bedroom townhouses in this tightly held pocket rarely come to market and are snapped up quickly.
- 617 Havelock Street, Soldiers Hill, sold by Blaise Newnham for $650,000, offering four bedrooms and a highly sought-after inner-north lifestyle.
Market takeaway: Lifestyle buyers continue to focus on tightly held pockets like Lake Wendouree and Soldiers Hill. Walkability, prestige, and historic charm continue to command premium prices.
Suburban Consistency Across Canadian, Redan and Mount Pleasant
Steady results were also seen in mid-tier suburbs.
- 3 Hocking Avenue, Canadian sold for $450,000 (listed by Mitchell Couch), and 446 Rodier Street for $470,000 (listed by Andy Tunbridge), showing strong buyer confidence in this leafy, eastern suburb.
- 913 Ripon Street South, Redan, sold by Sarah Skinner for $540,500—a great result for a three-bedroom home with a generous backyard.
- 733 Laurie Street, Mount Pleasant sold for $465,000, managed by Mark Williams of Ray White Ballarat.
Market takeaway: Mid-tier Ballarat suburbs continue to deliver consistent results for well-maintained homes. These areas are seen as safe bets for both first-home buyers and investors seeking capital growth.
Brown Hill, Invermay Park, Black Hill and Eureka: Quiet Achievers
- 19 Chiara Court, Brown Hill, sold by Matt Wiltshire, fetched $595,000 for a four-bedroom home on 600m².
- 63 Club Crescent, Invermay Park, listed by Cameron Webb, achieved $540,000—a great price in this family-favourite pocket.
- 4/414A Nicholson Street, Black Hill, sold for $485,000 by Sarah Skinner, was a standout townhouse offering low-maintenance living close to the CBD.
- 29 George Street, Eureka, sold for $895,000 through Peter Burley, offered 2,351m² of land—a rare opportunity in a changing suburb.
Market takeaway: These suburbs aren’t always on the front page but continue to reward buyers looking for lifestyle, privacy, and long-term value.
Final Word: Ballarat’s Autumn Market Stays Active
Across the board, the week of 24–30 March 2025 showed Ballarat’s market in full flight. Homes across all price brackets are selling, and demand remains consistent—particularly for move-in-ready properties and land in growth areas.
Whether it’s a $285,000 unit in Wendouree or an $850,000 lifestyle home in Delacombe, Ballarat continues to offer options for buyers at every stage of the property journey.
With expert agents like Dominic Morrison, Sean Toohey, Sarah Skinner, Tony Zelencich, Joshua Donaldson, Matt Wiltshire, Jay Kalogerakis, Damian Larkin, Phil Petrie, Scott Petrie, and Tash Guinea achieving strong results, sellers can list with confidence this season.
all sales data came from realestate.com.au