Ballarat Real Estate Market Wrap: Week Ending 3 May 2025
Data sourced from realestate.com.au
The final days of April and the opening weekend of May delivered a healthy and widespread lift in Ballarat’s residential market. From a million-dollar character home in Ballarat Central to a $310,000 entry-level sale in Sebastopol, buyer activity spanned lifestyle blocks, renovated family homes, and investor-grade townhouses. Stock continued to move swiftly, particularly in the $500,000 to $750,000 bracket, and suburbs like Alfredton, Winter Valley and Mount Helen proved once again that demand is holding firm across all key corridors.
With more than 50 properties transacting over the seven-day period, confidence in Ballarat’s long-term value remains intact, driven by a mix of local upgraders, regional relocators and investors looking to secure well-located property before winter stock levels begin to tighten.
Prestige Sales Reinforce Central Ballarat’s Blue-Chip Appeal
The week’s standout sale came from Sarah Skinner of McGrath Ballarat, who secured $1,035,000 for 32 Webster Street, Ballarat Central. This three-bedroom home, offering heritage appeal and modern updates, sat proudly on a 486 square metre block and attracted strong interest from professionals and downsizers seeking walkability and character.
In Mount Helen, Jo Thornton of Ray White Ballarat achieved $895,000 for 30 Timbertop Drive, a generously proportioned four-bedroom home on over 2,100 square metres. The combination of bush setting, large-scale layout and lifestyle appeal made this a clear magnet for semi-rural buyers wanting proximity to the CBD with space to breathe.
Mark Nunn of Buxton Ballarat also delivered a premium result at 23 Goddard Street, Lucas, selling the four-bedroom home for $720,000. Situated on a 400 square metre block, this near-new property showed how strong design and fitout can command top-tier pricing even on compact land.
Solid Mid-Range Sales Fuel Family and Investor Confidence
The bulk of this week’s movement came from the mid-range segment, where high turnover was seen between $500,000 and $750,000. Growth corridors and well-established residential pockets dominated this bracket.
Scott Petrie of Trevor Petrie Real Estate sold 8 Gemstone Road, Winter Valley for $680,000 — a four-bedroom, two-bathroom property on 660 square metres that met the brief for space, amenity and style. In Alfredton, Jason Ingram of Fletchers Ballarat achieved $735,000 for 13 Coonatta Street, while Will Munro of Ray White Ballarat handled 6 Zofia Place, which sold for $625,000 — both indicative of Alfredton’s ongoing popularity with families and professionals.
Other notable sales included:
- 3 Doramy Court, Alfredton sold for $630,000, managed by Lachlan Sylvia of Ballarat Real Estate
- 16 Cortina Drive, Winter Valley sold by Giovanni Piazza of Ray White Ballarat for $555,000
- 1747 Geelong Road, Mount Helen sold for $640,000 by Andreana Donhardt of Buxton Ballarat
- 20 Lancaster Street, Alfredton sold for $605,000 by Mayan Dhingra of Goldfish Real Estate
In the city fringe, Sarah Skinner also sold 3 Hopscotch Street, Ballarat East for $585,000, while Michael McIntosh of Buxton achieved $650,000 for 14 Hickman Street, Ballarat Central, a three-bedroom home with broad appeal thanks to its scale and location.
Affordable Market Holds Steady with Townhouses and Compact Homes
The entry-level bracket saw consistent turnover this week, particularly in Canadian, Sebastopol, Golden Point and Ballarat East. Well-maintained units and compact homes continued to perform well for investors and first-home buyers seeking access to core amenities at a manageable price.
Mitch Baker of Ray White Ballarat sold 417 Richards Street, Canadian for $367,000, while Luke Veal of Jens Veal Byrne closed 3/11 Spencer Street, Canadian for $386,000, both offering strong value for budget-conscious buyers.
Tony Zelencich of McGrath Ballarat oversaw the sale of 2/420 Nicholson Street, Black Hill, a two-bedroom townhouse which achieved $435,000, while Sarah Skinner again featured with the sale of 10/412 Drummond Street North, Ballarat Central, which sold for $365,000.
Other notable affordable sales included:
- 13A Picton Street, Sebastopol sold for $310,000 by Damian Larkin of Ballarat Real Estate
- 306 Humffray Street South, Golden Point sold for $340,000 by Mitch Baker
- 10 Eldridge Court, Sebastopol sold for $460,000 by Luke Veal
- 305 Nelson Street, Ballarat East sold for $500,000 by Ash McCafferty of Jellis Craig
Also worth noting was the sale of 902 Talbot Street, Redan for $547,500, handled by Brendan Elliott of Ballarat Real Estate, and 404 Leith Street, Redan, sold by Paul McGourlay of Buxton Ballarat for $590,000, which drew interest for its significant 1,938 square metre landholding.
Key Takeaways and Suburb Trends
- Ballarat Central continues to attract premium results for renovated heritage homes, with sales well above $1 million
- Alfredton and Winter Valley remain dominant in the mid-tier family home segment, offering strong demand and consistent growth
- Mount Helen and Lucas showed strength across both prestige and mid-range brackets, with larger blocks gaining buyer attention
- Ballarat East, Canadian and Sebastopol provided reliable value under $500,000, particularly for townhouses and compact homes
- Investor activity appears to be on the rise, especially in Canadian and Ballarat Central where yield and location intersect
Market Insight and Outlook
Ballarat’s market heads into May with balanced momentum. The range of sales — from million-dollar homes to tightly priced townhouses — reflects a market that remains diverse and resilient. Buyer demand is still being met with quality stock, particularly in growth corridors and character-filled central suburbs.
As winter approaches, stock levels may begin to tighten, giving current sellers a chance to take advantage of low competition and motivated buyers. Investors are re-emerging, and families remain confident in Ballarat’s schooling, infrastructure and liveability.
Whether you’re planning to upgrade, downsize, or invest, now is a strategic time to make your move.
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All sales data sourced from realestate.com.au