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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$471,250Past 3 months

Property growth+10.0%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
$690KN/A
Change in value
Past 12 months
8.5%11.6%
Sold
Past 3 months
1056
Median days on market
Past 12 months
27N/A
Average rent
Past 12 months
$470$340
Change in rent
Past 12 months
4.4%9.7%

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.

Alfredton infrastructure, key developments and investment opportunities

Alfredton continues to benefit from its position within the growing Ballarat growth corridor, with ongoing residential estates and infill development adding new housing, local parks and small commercial hubs that support population growth and underpin buyer demand.[3][5] Improved local retail and service offerings along key thoroughfares are enhancing day-to-day convenience, which generally supports both owner-occupier appeal and rental demand in the area.[4]

Public transport access remains a drawcard, with dedicated bus routes linking Alfredton to central Ballarat and major employment, education and health precincts, helping to sustain interest from commuters and families.[4] At present there are no widely publicised major new school, hospital or transport megaprojects specific to Alfredton beyond incremental upgrades, so no single project is expected to significantly shift the property market in the short term; instead, steady suburban expansion and improving amenities are the key drivers of local property performance.[3][5]

Alfredton rental market trends

The rental market in Alfredton has experienced moderate growth, with house rents increasing by 4.4% over the past year to $470 per week, while unit rents have seen a more significant rise of 9.7% to $340 per week. This growth reflects the suburb's appeal to both renters and investors, driven by its family-friendly environment and proximity to essential amenities.

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 11.7% higher than Winter Valley’s.
  • House price growth: Over the past 12 months, house prices in Alfredton have grown 13.2% higher than in Lake Gardens.
  • Unit price growth: Over the past 12 months, unit prices in Alfredton have grown 20.6% higher than in Lake Wendouree.
  • Selling speed for houses: Properties in Alfredton are selling 10.0% faster than in Lake Gardens.

Common questions about Alfredton

  • Is Alfredton a nice place to live?

    Alfredton is a delightful suburb that offers a charming blend of suburban tranquility and urban convenience, making it a fantastic place to live. Known for its family-friendly atmosphere, Alfredton is a haven for those seeking a peaceful lifestyle without sacrificing access to modern amenities. The suburb is nestled on the western fringe of Ballarat, providing residents with a serene environment complemented by the convenience of nearby city attractions. Its vibrant community spirit is evident in the well-maintained parks, recreational facilities, and local schools, which are perfect for families looking to settle in a supportive and nurturing environment.

    The suburb's vibe is characterized by a harmonious mix of new housing developments and established homes, catering to a variety of lifestyles and preferences. This diversity in housing options makes Alfredton appealing to both young families and professionals who appreciate the balance of affordability and quality living. While the suburb may not boast the bustling nightlife of larger urban areas, it compensates with a strong sense of community and a relaxed pace of life. Residents enjoy easy access to shopping, dining, and cultural attractions in nearby Ballarat, ensuring that all essential amenities are within reach.

    Safety is generally not a major concern in Alfredton, contributing to its appeal as a family-oriented suburb. However, one trade-off of living in Alfredton is the ongoing development, which can occasionally lead to construction noise and increased traffic in certain areas. Despite this, the suburb's growth is a testament to its desirability and the continued investment in local infrastructure and amenities. For families, Alfredton offers a welcoming environment with excellent schools and plenty of green spaces for children to play and explore. Overall, Alfredton is a wonderful place to call home for those seeking a balanced lifestyle in a thriving community.

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  • Is it expensive to live in Alfredton?

    Living in Alfredton can be considered moderately expensive, especially when compared to other areas in Victoria. The median house price in Alfredton is currently $690,000. While there is no data available for unit prices, the average rent for houses is $470 per week, and for units, it's $340 per week. These figures suggest that housing costs are relatively high, especially for those looking to buy, but renting might be more manageable.

    The average wage in Alfredton is about $76,000 per year, which is slightly above the official ATO average taxable income of $69,000 for the area. When you compare this to the average salary in Victoria, which is around $90,000, it becomes clear that while the wages in Alfredton are competitive, the cost of housing could take up a significant portion of one's income.

    Overall, if you're thinking of living in Alfredton, it's important to weigh the costs of housing against your income. The suburb offers a pleasant lifestyle with access to local amenities, but the financial commitment required for housing should be carefully considered to ensure it fits within your budget.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Alfredton a good place to invest?

    Alfredton is showing promising signs as a solid investment suburb, with both house and unit values experiencing significant growth over the past year. The median house value has increased by 8.5%, while units have seen an even more impressive rise of 11.6%. This upward trend indicates a strong demand for properties in the area, making it an attractive option for investors looking for capital growth.

    In addition to property value increases, rental yields in Alfredton are also on the rise. House rents have grown by 4.4%, and unit rents have surged by 9.7% over the last 12 months. This suggests a healthy rental market, with units particularly appealing for those seeking higher rental returns. The combination of rising property values and rental income potential makes Alfredton a compelling choice for investors.

    Overall, Alfredton offers a balanced investment opportunity with both capital growth and rental income potential. Its recent performance in the property market, coupled with a growing demand for housing, positions it as a suburb worth considering for those looking to invest in real estate.

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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 19.8% 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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