Property prices for sale in Ballarat (Victoria)

The prices in real estate in Ballarat, in the Victoria region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$690,854.4
Average price last 6 months
$1,642.4
Price/m² last 6 months
Average price per m2

The price per m² in Ballarat has had a strong decrease during the last 6 months. In December, the average price per m² was $1,644. In January this price pretty much remained the same at a value of $1,642 per m². In the following two months the price per m² has barely changed, going from $1,643 to $1,642 per m². The price per m² has had a considerable deflation of 50 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $1,642.5 to $821 during April, and May.

Average price

Based upon to the price in Ballarat (suburbs), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $691,408. In January This price remains at $690,716. In the following two months the average price has remained the same with regard to the previous two months from $691,062 to $690,716. During the last two months the average price has had a strong fall compared to the previous four going from $690,889 to $345,358, which means a 50 % fall.

Charts data
Average price May
Average price per m² May
Number of properties used in Ballarat
Number of properties used in region Victoria
$690,716
$1,642
22
212,298
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value