Alfredton: Where suburban appeal meets promising returns

It combines expert insights from trusted property investors and real estate networks with detailed data analysis to highlight under-the-radar opportunities for investors.

Unlike traditional reports, the FAST 50 focuses on future potential rather than past performance, offering investors a clear starting point for their research and due diligence.

Located just north of Ballarat, Alfredton is a thriving suburb that offers a tranquil suburban lifestyle with easy access to the city’s amenities.

Originally part of the Cardigan suburb, the present Alfredton was named in honour of Prince Alfred, Duke of Edinburgh, following his visit in 1867.

Known for its family-friendly atmosphere and blend of historic and contemporary homes, Alfredton is popular with families, retirees, and investors.

The suburb features iconic landmarks such as the Arch of Victory and a World War I memorial, which marked the city’s entrance and the beginning of the Avenue of Honour.

Alfredton also boasts excellent amenities, including reputable schools like Ballarat High School, extensive parklands such as Victoria Park, and recreational facilities that cater to a variety of lifestyles.

The suburban property market is diverse, with both affordable homes and high-end estates, attracting first home buyers and investors alike.

Alfredton’s median dwelling price reaches $605,000 with an average annual growth rate of 5.40 per cent.

The rental market is also attractive, with the suburb recording a median rent of $450, representing a yield of 3.90 per cent and a vacancy rate of 1.6 per cent.

Pure Property Investment expert Lena Lindley said that Alfredton’s location, bordering Victoria Park and the prestigious Newington suburb to the east at Gillies Street North, is a highly attractive asset for investors eyeing the area.

“Alfredton is one of the largest suburbs in Ballarat with 13,000-plus residents.

“It includes a mix of newer estates to the south and established areas to the north with large blocks of 600 square metres to 1,000 square metres, with post-war weatherboard and brick cottages.”

The suburb has experienced significant population growth, increasing by 28.3 per cent between 2011 and 2016, indicating its rising popularity among families and professionals.

At the heart of Western Ballarat’s growth corridor, Alfredton has experienced continuous infrastructure improvements that enhance its appeal.

Its close proximity to Ballarat provides strong opportunities for both home owners and investors seeking long-term growth.

As the city continues to expand, Alfredton is well-positioned to benefit from ongoing infrastructure developments and regional economic advancements, making it a promising suburb for sustained growth.

Check all the suburbs in the FAST 50 report here.

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