Question 1

Is Soldiers Hill a nice place to live?

Accepted Answer

Soldiers Hill is an inner Ballarat suburb set on a gentle rise, known for well preserved late 19th and early 20th century housing such as weatherboard and bluestone cottages, tree-lined streets and pockets of sympathetic contemporary infill. Many streets have broad views across the city and the short walk to Ballarat's central shops, cafes and cultural venues, plus small parks and leafy boulevards, shape everyday life here. Local roads and public transport connect the suburb with the wider region.

The suburb is home to 2,813 people with a median age of 40 and a community that includes long-term locals, families and professionals. Households are strongly family-oriented, with couple families making up just over eight in ten households, and about three in five dwellings are owned outright or with a mortgage while roughly two in five are rented. Council and state-led projects are under way, including station and hospital upgrades and local park improvements. Whether Soldiers Hill suits you will come down to whether its period housing, close amenities and family-weighted community match what you want.

Question 2

Is it expensive to live in Soldiers Hill?

Accepted Answer

Buying looks stretched against local incomes in Soldiers Hill. A median house price of $614,500 is about 8.1 times a typical local household's annual income at the last Census (weekly household income $1,461 × 52 = $75,972).

Renting is less stretched: the average house rent of $450 a week would take about 30.8% of that weekly household income at the last Census, a sizeable share, while the average unit rent of $335 a week is about 22.9% of weekly income, a moderate share. On these figures, renting—particularly a unit—looks less stretched against what people locally earned at the last Census; whether that feels expensive depends on your own circumstances.

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 Soldiers Hill a good place to invest?

Accepted Answer

Over the past 12 months in Soldiers Hill, house values rose 3.0%, a modest increase, while house rents climbed 12.5%, a strong rise. Unit rents increased 8.1%, a solid gain. That means the rent a house earns has grown faster than its price this year, and house rents have also outpaced unit rents.

If rental income is your priority, these rent movements are the figures that matter; if capital growth is more important, the house value change is the relevant number. Whether those outcomes make Soldiers Hill a suitable investment for you depends on your own goals and circumstances.

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	$615K	N/A
Change in value Past 12 months	3.0%	N/A
Sold Past 3 months	22	1
Median days on market Past 12 months	31	N/A
Average rent Past 12 months	$450	$335
Change in rent Past 12 months	12.5%	8.1%

Get a property report and suburb profile for any property in Soldiers Hill

Soldiers Hill suburb profile

Soldiers Hill property market performance

5 year median price trend for houses and units

Soldiers Hill demographics

Suburbs near Soldiers Hill

How does Soldiers Hill compare to nearby suburbs?

Choose the right real estate agents in Soldiers Hill

Get a head start and compare top local agents in Soldiers Hill

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market