A record-setter on the lake, strong mid-range family activity, and red-hot demand under $600K shaped the market this week
Ballarat’s property market surged this week with one of the year’s biggest sales, numerous mid-range family transactions, and a flurry of affordable turnover across high-demand suburbs. From tightly held Lake Wendouree to investor staples like Sebastopol and Redan, the week ending 24 May 2025 highlighted a clear buyer trend — get in now before winter stock dries up.
Let’s take a closer look at the standout sales, suburb performance, and what’s driving buyer behaviour in this late-autumn market burst.
Prestige Sales – Wendouree Leads the Pack with a Show-Stopping Result
This week’s top-tier result set the bar for 2025 so far, reaffirming the enduring prestige of Ballarat’s most sought-after address.
- 472 Wendouree Parade, Lake Wendouree, sold for a remarkable $2,970,000 by Peter Burley of Buxton Ballarat. This four-bedroom, three-bathroom home with lake frontage and over 1,200sqm of land cements Wendouree Parade’s elite status.
- 404 Darling Street, Redan, changed hands for $862,000 via Matt Skinner of McGrath Ballarat. A four-bedroom stunner with character and contemporary appeal, it’s a rare price point for Redan, underlining gentrification in action.
- 99 Cuthberts Road, Alfredton, a five-bedroom home on 945sqm, fetched $835,000 through Lachlan Sylvia at Ballarat Real Estate. Big blocks and big floorplans continue to move quickly in family-centric Alfredton.
This week’s prestige sales proved that Ballarat’s upper end is still in motion — driven by a combination of luxury seekers, upsizers, and out-of-town interest.
Mid-Range Movement – Family Buyers Dominate the $550K–$750K Zone
The core of the market remains fiercely active, with families prioritising land, layout, and lifestyle access in high-performing suburbs.
- 52 Delaney Drive, Miners Rest, sold for $637,500 through Chris McAteer of Buxton Ballarat. With five bedrooms and two living zones, it ticked every family need.
- 8 Mayfair Court, Mount Helen, reached $579,000, handled by Sean Toohey of McGrath Ballarat. Set on 962sqm, it offered tranquil surrounds just minutes from the university precinct.
- 12 Mountain Ash Circuit, Winter Valley, sold for $646,000 by Rajesh Sehgal (One Agency Property Masters). New builds in the suburb remain a key draw for buyers seeking turnkey family homes.
- 20 Merino Drive, Alfredton, changed hands at $635,000, managed by Peter Burley. Four-bedroom properties with functional layouts and proximity to schools continue to attract strong offers.
- 305 Kline Street, Ballarat East, fetched $700,000 via Peter Burley, notable for its enormous 2,386sqm block — a rare combination of scale and location.
Buyers in this range are motivated, well-financed, and focused on lifestyle access with long-term potential.
Affordable Market – First-Home and Investor Buyers Keep the Floor Hot
Sub-$550K properties moved in bulk this week, especially in Sebastopol, Redan, Canadian, and Ballarat East — with many selling under $500K.
- 1 Collins Avenue, Sebastopol, sold for $475,000 via Joshua Donaldson of Ballarat Real Estate. Classic three-bedroom homes remain the investor sweet spot here.
- 305 Crompton Street, Soldiers Hill, fetched $573,000, sold by Oscar Currell. A standout result for a tightly held, inner-suburb block.
- 1/906 Talbot Street South, Redan, closed at $357,000 through Will Munro of Ray White. A solid two-bedroom unit in a rising suburb.
- 820 Geelong Road, Canadian, a four-bed home, sold for $505,000 via Lachlan Sylvia. Canadian continues to offer value and quick turnover.
- 9 Mia Street, Alfredton, sold for $460,000 by Peter Burley — ideal for entry-level buyers and investors.
- 1/17 Burnbank Street, Lake Wendouree, closed at $350,000 via Alex Stepnell. This unit proves that even Wendouree offers pockets of affordability.
Affordable stock continues to be snapped up fast, particularly properties with good land size, low maintenance, and strong rental appeal.
Suburb Standouts and Microtrends
- Alfredton delivered six sales ranging from $460K to $835K — it’s easily the most active suburb this week.
- Canadian offered a mix of family homes and entry-level units, showing versatility in buyer appeal.
- Ballarat East and Sebastopol continue to serve the investor and first-home buyer segments well, with consistent sales under $500K.
- Redan’s $862K result shows a suburb on the rise, with character homes reaching new territory.
- Mount Helen and Snake Valley provide space and serenity for families seeking a lifestyle shift.
Emerging Buyer Patterns
- Upsizers are dominating mid-tier stock, especially in Alfredton, Winter Valley, and Mount Helen.
- Investors are targeting Redan and Sebastopol for high-yield properties with low overheads.
- Prestige buyers remain confident, especially where lake proximity or large land size is involved.
- First-home buyers are decisive, with sub-$500K listings not lasting more than a week in many cases.
Key Takeaways
- Lake Wendouree hits nearly $3M — a benchmark for 2025 so far.
- Redan pushes into prestige with an $862K result.
- Alfredton leads by volume across all price points.
- Strong mid-range movement in Miners Rest, Mount Helen, Winter Valley, and Ballarat East.
- Affordable stock under $500K continues to fuel investor and FHB activity.
Market Outlook
As Ballarat enters the final week of May, the market shows no signs of slowing. Prestige confidence, mid-range competition, and steady sub-$600K demand indicate a market still in balance — with more buyers than sellers in most key segments.
Expect listings to taper slightly into June, giving current sellers a unique opportunity to capitalise on reduced competition and motivated buyers. Presentation and pricing remain the key success factors across the board.