Finding tomorrow’s hot property, TODAY Location Report A joint publication of Reventon and Ryder Property Research BALLARAT Regional Victoria April 2020 For more information contact: Reventon 1300 039 376 Level 9,420 St Kilda Road, Melbourne VIC 3004
[email protected] www.reventon.com.au BALLARAT Regional Victoria Highlights • Regional centre for: manufacturing, • $950 million Stockyard Hill wind farm agriculture, education, tourism, • Major transport upgrades health services, retailing and mining. • $460 million hospital upgrade • Ballarat West Growth Zone • $1.5 billion Rokewood wind farm Suburb - houses Typical prices Ballarat East $360,000 Ballarat North $395,000 Buninyong $500,000 Wendouree $330,000 Ballarat was recently identified as the fastest-growing inland city in Australia by the Australian Bureau of Statistics and, according to some forecasters, can expect more strong price growth through to 2022. Adding to its appeal, Ballarat has also been named as one of Australia’s most liveable regional cities. Proximity to the state capital and housing affordability are the key factors behind Ballarat’s popularity with investors and home-buyers seeking alternatives to Melbourne. First home-buyers in particular are making their presence felt. Ballarat is one of Australia’s strongest regional cities. It thrives through a diverse economy, low unemployment, a growing population and proximity to Melbourne, making it a popular commuter city. With the State and Federal Governments planning to spend billions on upgrading road and rail links to Ballarat, including improved connections to Melbourne airport, commuting will become easier. Several construction projects like GovHub, the hospital expansion, the train precinct and new land estates are drawing in tradesmen who need accommodation, so vacancies are low.