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%.
| Houses | Median | YoY | 5-YR |
|---|
| Ballarat Central |
$728,500 |
|
|
| Ballarat East |
$520,000 |
|
|
| Ballarat North |
$570,000 |
|
|
This compared to areas of Melbourne, where house prices saw a significantly smaller rise in the same period.
| Houses | Median | YoY | 5-YR |
|---|
| North Melbourne |
$1,177,250 |
|
|
| Port Melbourne |
$1,811,000 |
|
|
| South Melbourne |
$1,750,000 |
|
|
Additionally, the Melbourne market saw its first back-to-back quarterly decline since 2018-19, dropping by 0.9% for the June quarter.
