A blockbuster inner-city sale, strong mid-tier family activity, and tight investor demand round out a diverse week across the region
Ballarat’s property market closed out May with a bang — led by a $1.75 million sale in Newington, a string of well-priced family homes changing hands across Alfredton, Lucas, and Winter Valley, and continued intensity in the sub-$600K bracket. Buyers showed no hesitation this week, snapping up quality homes across all price points — from lifestyle blocks in Cardigan Village to low-maintenance units in Sebastopol.
The week ending 31 May 2025 was a standout — not just for its transaction volume, but for the clarity of buyer intent across the board. Let’s take a closer look.
Prestige Market – Newington’s $1.75M Sale Headlines the Week
It’s not often that the week’s highest sale happens in a historic central suburb, but 1104 Eyre Street, Newington, delivered exactly that.
- 1104 Eyre Street, Newington, sold for $1,750,000 through Tony Douglass at Jellis Craig. With four bedrooms, five car spaces, and over 1,000sqm of land, this period beauty blended space, location, and elegance — and the price reflected it.
- 5 Leonie Court, Cardigan Village, a lifestyle property on over 5,000sqm, fetched $845,000, sold by Jo Thornton of Ray White. This result shows lifestyle acreage is still in demand on the rural fringe.
- 15 Argyle Crescent, Alfredton, hit $790,000 via Will Munro (Ray White), proving Alfredton’s prestige pocket continues to perform when land size crosses the 1,000sqm mark.
- 207 Cathcart Street, Buninyong, a charming home on 604sqm, sold for $750,000 through Matthew Edwards at McGrath — showing continued demand in Buninyong’s character-filled enclave.
Buyers in the prestige tier are still value-conscious but ready to act when space, heritage, or location line up.
Mid-Range Moves – Family Buyers Drive Core Activity in Lucas, Winter Valley, Alfredton
The engine room of Ballarat’s market — the $550K–$750K bracket — was highly active this week, with buyers focused on lifestyle-ready homes and family convenience.
- 17 Shortridge Drive, Lucas, reached $740,000, sold by Katie Hewitt of Integra Real Estate. With four beds, two baths, and a 589sqm block, it was a strong family result for Lucas.
- 22 Overall Street, Lucas, closed at $655,000 via Chloe Wilson of Ray White. Buyers are clearly valuing finished builds in master-planned pockets.
- 46 Wiltshire Lane, Winter Valley, sold for $619,000 by Tony Zelencich (McGrath). With 750sqm of land, it provided plenty of room for growing families.
- 413 Richards Street, Canadian, secured $625,000, while 2 Sewell Court, Mount Helen, fetched $595,000 — both offering space, privacy, and proximity to essential services.
- 10 Rachel Court, Sebastopol, moved at $575,000 via Jay Kalogerakis (Ballarat Real Estate), while 320 Nicholson Street, Black Hill, hit $570,000 through Mark Nunn (Buxton).
Ballarat’s mid-range continues to reward sellers who list turnkey homes in growth zones.
Affordable Segment – Entry-Level Stock Still Tight, High Turnover Across the $400K–$550K Bracket
First-home buyers and investors remain locked in fierce competition for well-presented or strategically located homes under $600K. Sales across Wendouree, Sebastopol, and Ballarat East dominated this space.
- 45 Pauls Crescent, Wendouree, sold for $529,000 via Mark Williams (Ray White), while 25 Montgomery Street and 11 Elizabeth Street also transacted in the $500K–$550K range. Wendouree continues to perform as one of the city’s most active and versatile suburbs.
- 14 Clarkson Street, Sebastopol, closed at $400,000 with Michael McIntosh (Buxton). Affordable price point, huge block — a classic investor’s opportunity.
- 743 Eureka Street, Ballarat East, fetched $450,000 through Luke Veal (Jens Veal Byrne), and 15 Hopscotch Street, a two-bedroom townhouse, sold for $575,000 with Sarah Skinner (McGrath).
- 212 Cooke Street, Redan, changed hands at $385,000 — reflecting continued entry-level turnover in Redan.
- 2/272 Albert Street, Sebastopol, hit $330,000, and 2/2 Nightingale Street, Newington, closed at just $292,500 — providing rare sub-$300K deals in a rising-rate environment.
Buyers remain hyper-responsive to anything clean, well-priced, and investment-grade under $550K.
Suburb Highlights and Microtrends
- Alfredton saw six sales across the week, ranging from $240K for a unit up to $790K for a prestige home on a 1,000sqm block — proving it caters to nearly every buyer type.
- Lucas and Winter Valley remain the city’s top performers for new stock and family interest, thanks to consistent build quality and master-planned amenity.
- Wendouree and Sebastopol continue to serve up reliable volumes, supported by both investors and owner-occupiers.
- Black Hill and Ballarat East saw mid-range demand from buyers chasing character homes or access to central Ballarat.
Emerging Buyer Trends
- Buyers are moving fast on oversized blocks, especially when the property presents well and needs no immediate work.
- Investors are still transacting, but their focus is shifting toward rental yield and low-maintenance upkeep — especially in Sebastopol, Redan, and Ballarat East.
- First-home buyers remain cautious on budget but aggressive on timing — homes in the $350K–$500K range are still getting snapped up within days.
- Buyers are expanding their suburb scope, particularly when stock is tight — with results in Canadian, Mount Helen, and Brown Hill showing increased attention.
Key Takeaways
- Newington tops the week with a $1.75M sale, showing prestige confidence is alive.
- Lucas, Winter Valley, and Alfredton dominate mid-range family sales.
- Wendouree and Sebastopol continue as high-volume, high-value performers in the $400K–$550K bracket.
- Entry-level units are still in play, especially for investors and downsizers looking under $400K.
- Buyer urgency remains high, particularly on well-presented homes with realistic pricing.
Market Outlook
As we enter June, Ballarat’s momentum shows little sign of tapering. While listing volumes may tighten with winter’s arrival, buyer interest is not cooling — particularly in suburbs offering land, liveability, and long-term capital growth.
Sellers with turnkey homes, well-located properties, or unique character dwellings are still seeing excellent results — especially when priced with precision.