OA Logo Green
search icon

Get a property report and suburb profile for any property in Ballarat Central

Join the 2.6 million Australians* who use our services every year.

Geo Page

Ballarat Central suburb profile

Ballarat Central is the historic core of regional Ballarat, centred on wide, tree-lined boulevards and a well-preserved Victorian streetscape. The suburb blends period terraces, bluestone public buildings and converted warehouses with pockets of modern infill, attracting a mix of professionals, creatives, retirees and families who want inner-city convenience. It has a compact retail and café strip along Sturt Street, museums and galleries, and easy access to the Ballarat Botanical Gardens and Lake Wendouree for weekend walks and events, while the local railway station and bus services keep the area connected to the wider region.

Ballarat Central property market performance

Current median dwelling price$545,022Past 3 months

Property growth+8.5%Past 12 months

House values have risen sharply, up 11.8% over the last 12 months to a median of $685,044. Unit values rose a solid 5.1% over the same period to a median of $405,000, so house values grew faster than unit values.

Over the last three months 48 houses and 13 units were sold. Over the last 12 months the median days on market was 52 for houses and 40 for units, so units sold faster than houses.

The rental market in Ballarat Central recorded average house rent of $440 a week, up a solid 7.3% over the last 12 months. Average unit rent was $378 a week, up a solid 8.0% over the same period, so rents for houses and units grew at a similar pace.

HousesUnits
Median price
Past 3 months
$685K$405K
Change in value
Past 12 months
11.8%5.1%
Sold
Past 3 months
4813
Median days on market
Past 12 months
5240
Average rent
Past 12 months
$440$378
Change in rent
Past 12 months
7.3%8.0%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Ballarat Central demographics

Ballarat Central is home to 5,378 people, with a median age of 41 and a median household income of $1,454 a week, roughly $75,608 a year.

Families are prominent: couples account for just over four in five family units, with 43.7% reported as couple families without children and 36.6% as couple families with children. One-parent families make up 17.4% of families, while other families are 2.3%.

Homes in Ballarat Central are more often owner-occupied than rented. Combining owned outright (33.1%) and owned with a mortgage (25.9%) gives 59.0% owner-occupied — about three in five — while 41.0% of dwellings are rented.

Suburbs near Ballarat Central

Some popular suburbs near Ballarat Central include:

  • Bakery Hill: small inner-city commercial area with Victorian-era character and compact blocks.
  • Soldiers Hill: leafy suburb known for tree-lined streets and well-preserved period homes.
  • Ballarat East: residential area with mining-era heritage and a mix of cottages and terraces.
  • Golden Point: heritage streets with gold-rush history and hilly, historic townscape.
  • Bonshaw: semi-rural suburb on Ballarat's outer edge, with larger lots and paddocks.

How does Ballarat Central compare to nearby suburbs?

  • Median house prices: Ballarat Central’s median house price is 11.5% higher than Soldiers Hill’s.
  • House price growth: Over the past 12 months, house prices in Ballarat Central have grown 8.8% higher than in Soldiers Hill.
  • Unit price growth: Property prices in nearby Ballarat East have risen 16.9% more than in Ballarat Central over the past year.
  • Selling speed for houses: Properties in nearby Soldiers Hill are selling 40.4% faster than in Ballarat Central.
  • Selling speed for units: Properties in nearby Ballarat East are selling 5.0% faster than in Ballarat Central.

Choose the right real estate agents in Ballarat Central

Choosing the right real estate agent in Ballarat Central can have a big impact on your sale. While there are 71 real estate agents working in the suburb, but just 5 of them were responsible for 28.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.13% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

Geo Page

Get a head start and compare top local agents in Ballarat Central

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron