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Ballarat North suburb profile

Ballarat North is a picturesque suburb located just north of the Ballarat city centre in Victoria, known for its blend of historical charm and modern conveniences. The suburb features a mix of heritage homes and newer developments, offering a diverse range of housing options. With its tree-lined streets and proximity to parks and recreational facilities, Ballarat North is popular among families and retirees. The suburb provides easy access to local schools, shopping centres, and public transport, making it a convenient location for residents. Its community-focused atmosphere and scenic surroundings contribute to its appeal as a desirable place to live.

Ballarat North property market performance

Current median dwelling price$462,500Past 3 months

Property growth+21.1%Past 12 months

Ballarat North's property market has shown strong growth over the past 12 months, particularly in the house sector. House values have increased by 10.9%, with the current median house price at $612,500. In contrast, unit values have surged by 24.3%, although the median unit price is currently unavailable, indicating limited sales data.

Sales activity has been modest, with 15 houses and only 3 units sold in the past 12 months. Houses are spending a median of 41 days on the market, while unit data is insufficient to determine a median days on market, suggesting a less active unit market.

The rental market in Ballarat North has also experienced growth, with house rents increasing by 7.1% and unit rents by 5.9% over the last 12 months. The average rent for houses is $450, while units average $360, reflecting a steady demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$618KN/A
Change in value
Past 12 months
14.3%27.9%
Sold
Past 3 months
182
Median days on market
Past 12 months
36N/A
Average rent
Past 12 months
$450$360
Change in rent
Past 12 months
7.1%5.9%

5 year median price trend for houses and units

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Ballarat North demographics

Ballarat North, located in the historic city of Ballarat, Victoria, offers a blend of suburban tranquility and rich cultural heritage. With a population of 4,041, this suburb is characterized by its mature demographic, reflected in a median age of 43. This suggests a community with a significant number of long-term residents and families who appreciate the area's stability and charm.

The suburb's family structure is diverse, with 38.6% of households being couple families with children and 41.6% being couple families without children. This balance indicates a welcoming environment for both growing families and those whose children have moved out. Additionally, 18.3% of households are one-parent families, highlighting the suburb's inclusivity and support for varied family dynamics.

In terms of property ownership, Ballarat North shows a strong inclination towards home ownership, with 36.9% of properties owned outright and 30.8% owned with a mortgage. This reflects a stable housing market and a community invested in long-term residency. Meanwhile, 32.3% of properties are rented, providing options for those seeking flexibility or new to the area.

The median total household income of $1,290 per week suggests a modest yet comfortable living standard, aligning with the suburb's appeal to both established families and retirees. Ballarat North's proximity to Ballarat's amenities, combined with its peaceful suburban setting, makes it an attractive choice for those seeking a balanced lifestyle with access to both urban conveniences and the serenity of regional Victoria.

Suburbs near Ballarat North

Some popular suburbs near Ballarat North include:

How does Ballarat North compare to nearby suburbs?

  • Median house prices: Ballarat North’s median house price is 1.6% higher than Black Hill’s.
  • House price growth: Over the past 12 months, house prices in Ballarat North have grown 4.8% higher than in Invermay Park.
  • Unit price growth: Over the past 12 months, unit prices in Ballarat North have grown 6.7% higher than in Ballarat East.
  • Selling speed for houses: Properties in Ballarat North are selling 16.3% faster than in Black Hill.

Choose the right real estate agents in Ballarat North

Currently, there are 57 real estate agents working in Ballarat North—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 57 agents sold 23.8% of all properties in Ballarat North over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Ballarat North typically charge a commission of 2.13% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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