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Beaufort

POSTAL CODE: VIC, 3373
HOUSE

BEAUFORT, 3373 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 BEAUFORT, 3373 values up and netting property investors a capital gain of 10.27% for the past year.

Investors saw the median home price rise to $402,500.

Profits due to an upward trend in home prices in the suburb averaged 0.08% per annum over a 3-year period.

BEAUFORT now ranks at the 454th 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 BEAUFORT 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 $405 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 BEAUFORT, homes and units usually stay on listing for an average of 77 days.

In 2016, 43 properties were sold in BEAUFORT during the past year, making it the 225th most active market in VIC based on total real estate transactions.

Surburb overview

Beaufort is a regional township in western Victoria, located within the Pyrenees Shire.

The town lies approximately 50 kilometres west of Ballarat and about 160 kilometres north-west of Melbourne by road and rail.

It is positioned along the Western Highway and the Ballarat–Ararat rail line, supporting connectivity to Ballarat, Ararat and Melbourne.

At the 2021 Census, Beaufort recorded a population of around 1,500 residents, reflecting steady growth consistent with other regional Victorian centres.

The demographic profile includes families, retirees, and working-age residents, with a median age above the state average and a high homeownership rate.

Housing comprises Victorian-era cottages, mid-20th-century homes and newer detached dwellings on the town’s outskirts.

Beaufort developed during the 19th-century gold rush and retains several heritage buildings along its main street.

Agriculture is a significant industry in the surrounding district, with sheep grazing, wool production and cropping common across the Western District landscape.

Lake Beaufort, located near the township, provides a focal point for recreation and community events.

Local amenities include a primary school, a medical clinic, a supermarket, cafes, and community facilities.

Secondary education options are available in Beaufort and nearby Ballarat, which also provides major retail centres and health services, including Ballarat Base Hospital.

Beaufort railway station offers regular V/Line train services to Ballarat and Melbourne’s Southern Cross Station.

Recreational opportunities include walking tracks around Lake Beaufort, local sporting clubs and access to the Pyrenees wine region and surrounding natural reserves.

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