Ballarat Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2025, Ballarat* recorded a median house price of $593,250 and a median unit price of $434,000. This represents an annual (Q4 2024 – Q4 2025) price growth of 15.2% for houses and of 19.8% for units. Comparing Q4 2024 and Q4 2025, total sales surged by 30.7% (to 788 sales in Q4 2025) for houses and increased by 16.9% (to 166 sales in Q4 2025) for units, indicating a high demand for both property types, particularly for houses. Thus, now is an ideal time for owners to capitalize on their investments. For buyers, there is a limited number of ready-to-sell stock expected in the 2026 construction pipeline. Thus, buyers need to act fast.
CHANGE FROM LAST
YEAR
Ballarat£ will see approx. $539.1M of new projects commencing in 2026.
Residential $88.5M Commercial Mixed-Use
HALF YEAR
$53.4M
$63.7M
HOUSE SALE S
Infrastructure
HOUSE ME DIAN PRICE
$318.8M
HOUSE RE NTAL PRICE A key infrastructure project in 2026 is Glenrae Battery Energy Storage System ($200M). This project will strengthen energy storage capacity in the region and support the state of Victoria’s transition toward renewable energy.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q4 2025
$593K
$434K
MEDIAN PRICE Q4 2025
$460
SALES
AVERAGE DAYS ON MARKET Q4 2025
46
31
HOUSE
U N I T
RENTALS
$400
•
Faith St & 29 St Pauls Way (45 Units)
•
112 Sim Street (37 Townhouse)
•
Cherryside Estate (136 Lots)
•
1102 Howitt Street (11 Dwellings)
Although there are several residential projects planned for 2026, the number of units, townhouses, and houses is not enough; especially as there were 788 houses and 166 units sold in Q4 2025 alone. This increases the potential of an undersupply, which will push up prices for all property types.
AVERAGE DAYS ON MARKET Q4 2025
21
19
HOUSE
U N I T
158 Units/ Apartments
68 Townhouses
44 Dwellings
417 Lots