Horsham

POSTAL CODE: VIC, 3400
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Homeowners and real estate investors betting on HORSHAM, 3400 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 23.38%.

A steady increase in median property prices over a five-year period in the suburb translates to a 21.79% capital gain.

Property investors in HORSHAM enjoyed capital gains of 23.38% 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 $475,000.

Profits due to an upward trend in home prices there averaged 7.26% per annum over a 3-year period.

Home owners selling their properties and realtors in HORSHAM usually have to wait an average of 42.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 4.93% increase in returns based on the current median price in HORSHAM.

HORSHAM, 3400 places 129th in Australia based on median property value growth during the quarter.

Surburb overview

Horsham is the largest regional city in the Wimmera region of western Victoria, about 300 kilometres north-west of Melbourne. Situated on the banks of the Wimmera River, Horsham is the administrative centre of the Rural City of Horsham. It serves as the principal commercial, healthcare, education and transport hub for communities across the Wimmera and parts of the Mallee. Agriculture remains the cornerstone of the local economy, supported by grain production, livestock, food processing, manufacturing, retail, healthcare and professional services.

According to the 2021 Census, Horsham had a population of 20,429 people. The city has a broad demographic profile, with families, young professionals, students and retirees contributing to a diverse community. As the largest population centre in western Victoria outside Ballarat, Horsham provides employment and essential services for a wide regional catchment.

Horsham is located on the Western Highway, providing direct road connections to Melbourne, Adelaide and regional centres throughout western Victoria. The city is served by V/Line coach services linking to the Ararat railway station for passenger rail connections to Melbourne, while Horsham Airport supports general aviation and emergency services. A well-developed local road network and shared walking and cycling paths provide convenient access throughout the city.

The city offers a comprehensive range of amenities, including public and private schools, Federation University and other tertiary education providers, childcare centres, Wimmera Base Hospital, medical specialists, shopping centres, supermarkets, cafés, restaurants, hotels and a broad range of government and professional services. Horsham functions as the primary healthcare and retail destination for much of the Wimmera region.

Recreational opportunities include extensive walking and cycling trails along the Wimmera River, botanical gardens, sporting reserves, aquatic facilities and golf courses. The nearby Grampians (Gariwerd) National Park offers bushwalking, rock climbing, camping and wildlife experiences within easy driving distance. Horsham also hosts a variety of cultural events, agricultural shows and community festivals throughout the year. At the same time, attractions such as the Horsham Regional Art Gallery and the Australian Flying Doctors Visitor Centre contribute to the city's cultural and tourism appeal.

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