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LGA · Victoria

City of Ballarat

City of Ballarat is a Local Government Area in Western Victoria, Victoria, approximately 115km from Melbourne.
Western Victoria Avg yield 3.9% Last updated: 1 Jun 2026 · Data refresh

Overview

The big-picture read on Ballarat as an investment market.

City of Ballarat is a Local Government Area in Western Victoria, Victoria, approximately 115km from Melbourne.

Multimedia briefing (video / podcast / infographic) coming in next refresh, see the Watch · Listen · View section below.

Key numbers

Population, economy, and property market headlines.

Population
Suburbs tracked25
Annual sales2,630
Distance to CBD~115km
Economy
GRP$7.8B
Unemployment
Capital cityMelbourne
Property market
Median house$586K
Yield (avg)3.9%
5yr avg p.a.3.4%

Headline infrastructure

Projects with dollar values surfaced from the Hotspotting Location Report.

$655M
From Hotspotting Location Report
Ballarat Base Hospital redevelopment
Ballarat Base Hospital redevelopment, the new $23 million Wendouree Library and Learning Centre and upgrades to the Ballarat Major Events Precinct, which will expand Mars Stadium to a 10,000-seat capacity.
$27M
From Hotspotting Location Report
Capital road infrastructure
For capital road infrastructure, plus $6 million for Art Gallery of Ballarat upgrades.
Watch · Listen · View

Three ways into the Ballarat thesis

Multimedia briefing pending, video explainer, podcast and infographic will be generated via NotebookLM and added in the next refresh.

Coming soon.

Suburbs to know

Top suburbs by 12-month house sales volume, with growth and rental data.

Suburb12-mo salesMedian (house)1yr5yr avg p.a.YieldVacancy
Alfredton Report
392
$625K +3% +4% 3.7% 1.5%
Winter Valley
259
$590K +5% +5% 3.9% 1.5%
Ballarat East
175
$515K +5% +5% 4.0% 1.5%
Lucas
172
$630K +2% +6% 3.7% 1.7%
Ballarat Central
150
$661K +10% +3% 3.5% 1.0%
Canadian
121
$550K +9% +6% 4.1%
Delacombe
110
$572K +5% +6% 4.0% 2.3%
Bonshaw
98
$590K +8% +6% 4.0%

Vacancy ≤3% (healthy) · 3-4% (watch) · >4% (caution) · volume bar scaled to highest-volume suburb in LGA.

Risks to be aware of

Considerations flagged in the Hotspotting Location Report.

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