Ballarat house market resilient in face of big drops

October 18, 2022 6:53 am in by

Ballarat has shown greater resilience to the house price dip than other areas – according to the Real Estate Institute of Victoria’s latest housing report.

Melbourne prices fell 7.4% in the September quarterly stats, that figure 2.8% for regional Victoria – while in Ballarat Central there was a slight dip of just 1.7%.

It comes after a year of steady growth – Ballarat house prices climbing from an average of $550,000 in 2021 to $750,000 at the beginning of this year.

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REIV profile for Ballarat Central


The median sale price for houses in Ballarat Central is currently $738,000.

Meanwhile, in other areas of Ballarat house prices moved in the other direction to show growth this quarter.

REIV profile for Ballarat East


Ballarat East median house prices shot up 4.8% to $516,000, Ballarat North by 5.4% to $597,000, and Brown Hill is up by 2.5% to $615,000.

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The average house price across regional Victoria is $603,000.

Data courtesy of REIV markey insights.