Ballarat’s property market has proven its resilience yet again this week, closing out with a flurry of strong sales across both premium and entry-level sectors. As we move deeper into Q3, the combination of a stabilising interest rate environment and ongoing buyer demand continues to fuel solid results across the city and its surrounding suburbs.
This week saw a mixture of lifestyle acreage sales, established family homes, and a steady stream of units and first-home buyer stock changing hands. Buyer sentiment remains positive, especially in the city’s west and north, where well-located homes with land are drawing strong attention. Let’s break down what happened this week.
Top Performers of the Week
The standout sale this week was in Buninyong, where 210 Barkly Street fetched a huge $1,200,000. This spacious four-bedroom, three-bathroom home set on over 2,000m² is a testament to the continued demand for prestige properties in regional lifestyle suburbs. With a flexible floorplan and garden space, it ticked the boxes for upgraders and tree changers alike.
Another high-value result came from Soldiers Hill, with 512 Armstrong Street North selling for $840,000. This inner-city location remains one of Ballarat’s most in-demand pockets, especially with character homes offering period charm and proximity to the CBD and train station. Similarly, 55 Linton-Carngham Road in Linton traded at $720,000, underscoring buyer confidence in rural fringe areas offering space and tranquillity within commuting distance.
Also notable was 18 Brownlee Boulevard in Winter Valley, securing $715,000 for a four-bedroom home on 624m². As one of Ballarat’s fastest-growing growth corridors, Winter Valley continues to attract both families and investors, buoyed by infrastructure, shopping options, and new schools.
Alfredton Holds Its Ground
The ever-reliable Alfredton market continued its upward trend, with a handful of quality results. A three-bedroom home at 7 Seaford Street sold for $640,000, while 25 Verdale Drive settled at $605,000, and 53 Sorrento Drive achieved $725,000. With Alfredton’s strong schooling options and proximity to Lucas shopping precinct, this suburb remains a magnet for families wanting modern homes with access to amenities.
The affordability sweet spot remains around the mid-$600,000s for newer homes, though properties in more established parts of Alfredton continue to push higher, especially when land size or position comes into play.
Winter Valley, Lucas, and Delacombe Still Dominating New Build Activity
Ballarat’s growth corridors are still where much of the volume is, and that was no different this week. In Delacombe, a four-bedroom home at 5 Shari Drive sold for $635,000, reflective of good value for larger homes in developing neighbourhoods. Lucas had two sales worth noting—14 Blythen Road (land) sold for $335,000, showing the continuing strength of vacant lot values in the suburb.
Meanwhile, 10 Sprinter Way in Winter Valley settled for $550,000, with buyers still showing preference for turnkey properties in newer estates.
Strong Results in Heritage Pockets
Period homes in Ballarat’s older suburbs continue to find strong demand. In Soldiers Hill, a property at 304 Ligar Street achieved $495,000, while 319 Armstrong Street North sold for $435,000, both showcasing the suburb’s timeless appeal to buyers chasing character and walkability.
Black Hill also had a solid week, with 7 Killeen Avenue closing at $540,000 and 60 Rowe Street at $567,500. These results demonstrate the steady rise in value for inner-ring suburbs that offer both older charm and modernised homes.
First-Home Buyer & Downsizer Activity on the Rise
There was a noticeable uptick in unit and townhouse sales this week, likely driven by first-home buyers and downsizers taking advantage of the current window of relative market stability.
Some highlights include:
- 4/290 Humffray Street North, Brown Hill – $460,000
- 2/2 Symons Street, Wendouree – $400,000
- 1/1 Golf View Drive, Invermay Park – $495,000
- 20 Millicent Place, Ballarat East – $415,000
- 3/131 Larter Street, Canadian – $488,500
With Ballarat’s median house price continuing to sit above the $550,000 mark, these lower-entry properties are vital for ensuring affordability and keeping young buyers active in the local market.
Land Demand Still Healthy
Vacant land also saw good movement. In Lucas, the 612m² block on Blythen Road fetched $335,000, showing the premium buyers are still willing to pay for titled land in popular growth areas. While price growth for land has stabilised compared to the COVID-boom years, quality lots in high-demand corridors are still attracting competition.
Rural Lifestyle Interest Persists
Regional buyers are still drawn to lifestyle homes with land, and that played out again this week. 497 Post Office Road in Ross Creek, a three-bed home on acreage, sold for $735,000, while a four-bedroom home on 4.45ha at 55 Linton-Carngham Road in Linton reached $720,000.
These properties highlight the enduring appeal of space, privacy, and the potential for hobby farming or outdoor living, all within reach of Ballarat’s centre.
What’s Ahead for Ballarat?
Heading into spring, all signs point to continued momentum. Stock levels are beginning to lift, open homes are busier, and many agents are reporting competitive bidding on well-presented homes. Buyers appear to be adjusting to the new normal in interest rates, and vendors who price their homes realistically are being rewarded with quick sales.
The market is balanced but firm. Demand continues to outpace supply in key family-friendly suburbs like Alfredton, Winter Valley, Wendouree, and Soldiers Hill. Investors are also starting to resurface, particularly in the sub-$500k unit and townhouse segment where rental yields remain attractive.
As always, presentation, pricing, and promotion will be key over the coming months. If you’re considering selling in Ballarat this spring, the market conditions are shaping up favourably—particularly for those who are ready to move swiftly.