Ararat

POSTAL CODE: VIC, 3377
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Property investors enjoyed capital gains of 10.53% over the last 12 months in ARARAT, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.42% growth over a ten-year period. It ranks 1722nd on our list of suburbs that property investors should look into.

ARARAT, 3377 has a capital gain of 10.53% for the past year, which is lower than average compared to its 56.42% growth within a five-year period.

With the median home price in ARARAT sitting at $420,000, and the average rent at $420, property owners could potentially earn a 5.2% increase in gross rental yield.

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

ARARAT, 3377 in VIC belongs to the local government area of Ararat.

Surburb overview

Ararat is a regional city in western Victoria, located approximately 200 kilometres west of Melbourne and 90 kilometres north-east of Hamilton.

The city is the principal centre of the Rural City of Ararat and had a population of 8,406 at the 2021 Census.

Established during the Victorian gold rush, Ararat developed as a mining and transport hub and today supports a diverse economy based on healthcare, manufacturing, agriculture, education and tourism.

Commercial activity is centred along Barkly Street and the surrounding central business district, where supermarkets, retail stores, professional services, cafes and community facilities serve the city and surrounding rural areas.

Ararat provides a regional hospital, secondary schools, government services, sporting facilities and tertiary education options, supporting communities across western Victoria.

The city is located at the junction of the Western Highway and Pyrenees Highway, providing road access to Ballarat, Horsham, Stawell and Melbourne.

Public transport is provided by V/Line rail services operating between Ararat and Melbourne, along with regional coach connections to neighbouring centres across western Victoria.

The surrounding landscape features vineyards, grazing land, and volcanic plains, with agriculture remaining an important contributor to the regional economy alongside food production and winegrowing.

Outdoor recreation opportunities include walking and cycling trails, sporting reserves and nearby lakes, while the Grampians National Park is within easy driving distance and offers hiking, camping, waterfalls and scenic lookouts.

Other nearby attractions include Mount Langi Ghiran and the Pyrenees wine region, which contribute to tourism and outdoor recreation throughout the district.

Community life is supported by cultural events, agricultural shows, sporting clubs and arts organisations that serve both the city and surrounding rural communities.

Housing in Ararat includes heritage homes, established residential neighbourhoods, contemporary housing estates and rural lifestyle properties on the city’s outskirts.

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