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Alfredton suburb profile

Alfredton is a rapidly growing suburb located on the western fringe of Ballarat, Victoria, known for its family-friendly environment and modern amenities. With a mix of new housing developments and established homes, Alfredton offers a variety of living options to suit different lifestyles. The suburb is home to several schools, parks, and recreational facilities, making it an attractive choice for families. Its proximity to Ballarat's city centre provides residents with easy access to shopping, dining, and cultural attractions. Alfredton's blend of suburban tranquility and urban convenience continues to draw new residents and investors alike.

Alfredton property market performance

Current median dwelling price$473,750Past 3 months

Property growth+15.8%Past 12 months

Alfredton’s property market has shown positive growth over the past 12 months, with house values increasing by 8.5%. The current median house price stands at $690,000. Although unit sales are minimal, with only 6 units sold, unit values have seen a significant rise of 11.6% over the same period.

Sales activity for houses has been robust, with 105 houses sold in the past 12 months. Houses are selling relatively quickly, with a median of 27 days on the market, indicating strong demand. The unit market, however, remains less active.

In the rental market, house rents have increased by 4.4%, with an average rent of $470. Units have experienced a more substantial rent increase of 9.7%, with an average rent of $340, suggesting a growing interest in rental units despite limited sales activity.

HousesUnits
Median price
Past 3 months
$695KN/A
Change in value
Past 12 months
11.1%20.6%
Sold
Past 3 months
1066
Median days on market
Past 12 months
24N/A
Average rent
Past 12 months
$470$345
Change in rent
Past 12 months
4.4%7.8%

5 year median price trend for houses and units

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Alfredton demographics

Alfredton, a suburb located in the regional city of Ballarat, Victoria, is known for its family-friendly environment and growing community. With a population of 11,822 and a median age of 35, Alfredton is a suburb that attracts young families and professionals seeking a balanced lifestyle. The suburb's proximity to Ballarat's amenities, schools, and parks makes it an appealing choice for those looking to settle in a community-oriented area.

The housing landscape in Alfredton is characterized by a mix of ownership and rental options. A significant portion of properties, 31.6%, are owned outright, while 38.1% are owned with a mortgage, indicating a stable and established community. The rental market, comprising 30.3% of properties, provides flexibility for those not ready to commit to home ownership, including young families and professionals.

Family dynamics in Alfredton are diverse, with couple families with children making up 46.9% of the population, reflecting the suburb's appeal to families. Additionally, 33.6% of households are couple families without children, and 18.5% are one-parent families, showcasing a variety of family structures. The suburb's community spirit is further enhanced by its local amenities, schools, and recreational facilities, making Alfredton a desirable place to live for those seeking a blend of urban convenience and suburban tranquility.

Suburbs near Alfredton

Some popular suburbs near Alfredton include:

  • Lake Gardens: Known for its picturesque landscapes and proximity to the Ballarat Botanical Gardens, Lake Gardens is located to the northeast of Alfredton.
  • Winter Valley: A rapidly developing suburb with modern housing estates, Winter Valley lies to the southwest of Alfredton.
  • Newington: Featuring charming heritage homes and tree-lined streets, Newington is situated directly east of Alfredton.
  • Lucas: Known for its family-friendly environment and new shopping facilities, Lucas is located to the west of Alfredton.
  • Lake Wendouree: Famous for its beautiful lake and recreational activities, Lake Wendouree is situated to the northeast of Alfredton.

How does Alfredton compare to nearby suburbs?

  • Median house prices: Alfredton’s median house price is 11.2% higher than Winter Valley’s.
  • House price growth: Over the past 12 months, house prices in Alfredton have grown 12.2% higher than in Lake Gardens.
  • Unit price growth: Over the past 12 months, unit prices in Alfredton have grown 29.6% higher than in Lake Wendouree.
  • Selling speed for houses: Properties in Alfredton are selling 22.6% faster than in Lake Gardens.

Choose the right real estate agents in Alfredton

In Alfredton ,116 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 20.0% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.13% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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