Question 1

Is Mount Pleasant a nice place to live?

Accepted Answer

Mount Pleasant is an established residential suburb of Ballarat on the slopes of its namesake hill. It has tree-lined streets, a mix of Victorian and interwar cottages alongside later brick homes, pockets of modern infill and some elevated blocks with broad outlooks across the city. The suburb has 2,225 residents, a median age of 35, and is mostly owner-occupied (57.6%) though 42.4% rent; it suits families, professionals and retirees who value a quiet, settled neighbourhood close to city amenities.

Parks, walking trails and community facilities are close by, and there is straightforward access to Ballarat’s city centre, public transport and main roads. Ballarat Station, served by regional rail, links to Mount Pleasant via bus Route 23, and a station upgrade improved accessibility with a new overpass and lifts. Local projects include a Victorian Junior Landcare grant for Mount Pleasant Primary School’s "Rewilding Mount Pleasant" project, and Mount Pleasant Reserve has a seniors exercise park, playground, basketball court and volunteer-led Ageing Well sessions.

Question 2

Is it expensive to live in Mount Pleasant?

Accepted Answer

On these figures, buying a house in Mount Pleasant sits well above what local households earned at the last Census. A median house price of $535,000 against a typical household income of $1,350 a week at the last Census (about $70,200 a year) works out to roughly 7.6 times a local annual household income, which puts buying well above local incomes.

Renting is less stretched by comparison. A house rent of $430 a week is about 31.9% of a typical local household's weekly income at the last Census, a sizeable share, while units at $353 a week are about 26.1% of that income, a moderate share. On the figures, buying looks the more stretched option against local incomes at the last Census, while renting takes a sizeable to moderate portion of income depending on dwelling type.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Mount Pleasant a good place to invest?

Accepted Answer

Over the past 12 months Mount Pleasant's median house value rose 13.3%, a strong increase, while house rents climbed 7.5%, a solid gain. That means capital growth on the house side has been the larger mover this year, and rental income has also increased; if rental yield is your priority the rent figure is most relevant, while the value change speaks to capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$535K	N/A
Change in value Past 12 months	13.3%	N/A
Sold Past 3 months	15	1
Median days on market Past 12 months	25	N/A
Average rent Past 12 months	$430	$353
Change in rent Past 12 months	7.5%	N/A

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