Ballarat Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Ballarat* recorded a median house price of $560,000 and a median unit price of $385,000. This represents an annual (Q2 2024 - Q2 2025) price increase of 5.7% for houses and 5.2% for units. Comparing Q2 2024 and Q2 2025, total sales increased by 37.1% (to 632 sales in Q2 2025) for houses and by 44.0% (to 144 sales in Q2 2025) for units, indicating a highly-demanded market across both property types, especially for units. At present house and unit prices are growing at a similar pace, creating an opportunity for buyers. That said, with limited ready-to-sell stock in the pipeline, buyers need to act fast.
CHANGE FROM LAST
YEAR
Ballarat£ will see approx. $668.1M of new projects commencing in 2025. Mixed-Use Projects $12.6M
Residential $34.3M Commercial $71.0M
Industrial
HALF YEAR
$19.3M
HOUSE SALE S HOUSE ME DIAN PRICE
Infrastructure
HOUSE RE NTAL PRICE
$530.9M
UNIT SALE S
A key infrastructure project is Weston Foods Mauri Flour Mill ($132.9M). This is funded by the State Government and plans to deliver a new state-ofthe-art flour mill in Mitchell Park.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q2 2025
$560K
$385K
MEDIAN PRICE Q2 2025
$480
SALES
AVERAGE DAYS ON MARKET Q2 2025
73
70
HOUSE
U N I T
RENTALS
$405
•
Ascot Gardens Drive Residential Subdivision (197 Lots)
•
25 Jumps Street (6 Dwellings)
•
11 Edgewood Court (6 Units)
•
1136 Geelong Rd (4 Townhouses)
Although there are few residential projects planned for 2025, the limited number of units, townhouses, and houses is insufficient to meet strong demand. This increases the potential of an undersupply, which will push prices higher for all property types.
AVERAGE DAYS ON MARKET Q2 2025
24
21
HOUSE
U N I T
35 Units/ Apartments
9 Townhouses
32 Dwellings
279 Lots