Local News

The eye-watering rise in Ballarat house prices in recent years


Image: Pixabay

New data's produced some incredible house price results for Ballarat.

The value of property on average across the region's increased by a whopping 76.2%  over a five year period.

This was highest in Ballarat Central at 81%.

Ballarat Central $728,500
Ballarat East $520,000
Ballarat North $570,000
Source: Domain

This compared to areas of Melbourne, where house prices saw a significantly smaller rise in the same period.

North Melbourne $1,177,250
Port Melbourne $1,811,000
South Melbourne $1,750,000
Source: Domain
Additionally, the Melbourne market saw its first back-to-back quarterly decline since 2018-19, dropping by 0.9% for the June quarter.