Alfredton

POSTAL CODE: VIC, 3350
HOUSE
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ALFREDTON, 3350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling ALFREDTON, 3350 values up and netting property investors a capital gain of 2.46% for the past year.

Investors saw the median home price rise to $625,000.

Profits due to an downward trend in home prices in the suburb averaged -1.28% per annum over a 3-year period.

ALFREDTON now ranks at the 367th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in ALFREDTON are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $460 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ALFREDTON, homes and units usually stay on listing for an average of 72.4 days.

In 2016, 375 properties were sold in ALFREDTON during the past year, making it the 265th most active market in VIC based on total real estate transactions.

Surburb overview

Alfredton is a residential suburb of Ballarat in Victoria, located approximately 115 kilometres north-west of Melbourne’s central business district and about 4 kilometres west of Ballarat’s city centre.

The suburb forms part of the City of Ballarat local government area and has experienced significant growth as one of the region’s primary residential expansion areas.

According to the 2021 Census, Alfredton had a population of 10,728 residents, reflecting rapid development over the past two decades.

Originally semi-rural in character, Alfredton has transitioned into a predominantly suburban area, with detached housing on standard residential allotments forming the main dwelling type.

Newer estates, including those in the Lucas precinct, have contributed to increased housing supply and supporting infrastructure.

Local educational facilities include Alfredton Primary School, St Thomas More Catholic Primary School and Ballarat High School, with additional primary and secondary options available across Ballarat.

Retail services are provided through neighbourhood shopping centres within Alfredton and the nearby Lucas Town Centre, while larger commercial facilities are located in central Ballarat.

Recreational amenities include the Ballarat Golf Club, numerous parks and sporting reserves, and proximity to Lake Wendouree, a major recreational feature of the Ballarat area.

Public transport options include bus services connecting the suburb to Ballarat railway station, which provides V/Line services to Melbourne’s CBD via the Ballarat line.

Alfredton experiences a temperate climate with warm summers and cool to cold winters, typical of Ballarat’s elevated inland setting.

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