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Ballarat Central

POSTAL CODE: VIC, 3350
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Homeowners and real estate investors betting on BALLARAT CENTRAL, 3350 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.07%.

A steady increase in median property prices over a five-year period in the suburb translates to a -3.7% capital gain.

Property investors in BALLARAT CENTRAL enjoyed capital gains of 12.07% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $650,000.

Profits due to an downward trend in home prices there averaged -1.23% per annum over a 3-year period.

Home owners selling their properties and realtors in BALLARAT CENTRAL usually have to wait an average of 90.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $420 mark, reflecting a 3.36% increase in returns based on the current median price in BALLARAT CENTRAL.

BALLARAT CENTRAL, 3350 places 198th in Australia based on median property value growth during the quarter.

Surburb overview

Ballarat Central is the commercial and administrative heart of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district.

The suburb sits within the City of Ballarat local government area and functions as the primary retail, civic and employment hub for the wider region.

According to the 2021 Census, Ballarat Central had a population of 5,328, reflecting a mix of residential living in an established urban centre.

The area developed rapidly during the Victorian gold rush of the 1850s, and many heritage buildings remain, particularly along Sturt Street and Lydiard Street, contributing to Ballarat’s historic streetscape.

Ballarat Central contains key civic institutions including Ballarat Town Hall, the courthouse and major government offices, alongside a concentration of retail, hospitality and professional services.

Ballarat railway station is located within the suburb and provides V/Line train services to Melbourne’s CBD via the Ballarat line, supporting both commuting and regional travel.

Local bus services radiate from the central area to surrounding suburbs, reinforcing its role as a transport interchange.

Residential accommodation includes period homes, terrace-style dwellings and low-rise apartments, particularly in streets adjacent to the commercial core.

Educational facilities, healthcare services and cultural venues such as galleries and theatres are situated within or close to the suburb.

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

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