Lake Wendouree

POSTAL CODE: VIC, 3350

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A steady increase in median property prices over a five-year period in the suburb translates to a -11.36% capital gain.

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 $975,000.

Profits due to an downward trend in home prices there averaged -3.79% per annum over a 3-year period.

Home owners selling their properties and realtors in LAKE WENDOUREE usually have to wait an average of 89.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $525 mark, reflecting a 2.8% increase in returns based on the current median price in LAKE WENDOUREE.

LAKE WENDOUREE, 3350 places 152nd in Australia based on median property value growth during the quarter.

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

Real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $400 mark, reflecting a 4.18% increase in returns based on the current median price in LAKE WENDOUREE.

LAKE WENDOUREE, 3350 ranks 339th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

LAKE WENDOUREE ranks 249th on the list of best yielding suburbs for rental properties in VIC, posting a 4.18% return.

Surburb overview

Lake Wendouree is a residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 2 kilometres north-west of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and is centred around the artificial Lake Wendouree, one of the region’s most prominent recreational features.

According to the 2021 Census, Lake Wendouree had a population of 2,239 residents, reflecting its established character and proximity to central Ballarat.

The lake was created in the 19th century by damming sections of the Yarrowee River and has since become a focal point for community activity and events.

A six-kilometre shared path encircles the lake, supporting walking, cycling and running, while rowing and sailing events are regularly held on the water.

The Ballarat Botanical Gardens occupy the western shoreline and include heritage plantings, formal gardens and public open space.

Residential development in the suburb includes a mix of period homes, particularly Victorian and Edwardian-era properties, alongside more contemporary dwellings.

Educational institutions in the surrounding area include Ballarat Grammar and several primary schools, with additional facilities located in neighbouring suburbs.

Public transport is provided by bus services connecting Lake Wendouree to Ballarat railway station, which offers V/Line services to Melbourne’s CBD via the Ballarat line.

Lake Wendouree experiences a temperate climate with warm summers and cool to cold winters, consistent with Ballarat’s elevated inland setting.

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