Property prices for sale in Ballarat (Victoria)

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

$293,654
Average price last 6 months
$1,226.83
Price/m² last 6 months
Average price per m2

The price per m² in Ballarat has increased strongly during the last 6 months. In September, the average price per m² was $990. In the following month the price per m² increased considerably to $1,923. The price for the following two months in (November, December) had a considerable decrease of 78 with regard to the prior two months. The price per m² has had a considerable deflation of 85 % 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 $1,293.25 to $1,094 during January, and February.

Average price

Based upon to the price in Ballarat (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $288,140. In October This price remains at $279,652. During the following two months (November, December) the price has had an average incrementation from $283,896 to $301,553.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $292,724.75 and $295,512.5 between January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $289,912 they are 13 % more affordable than the average price for Ballarat. Based on the bedrooms values, properties with the highest prices are those with 4 bedrooms. They are 44 % more expensive than the average aforementioned.

With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of $722 / m², with an average $1,106 / m² price in Ballarat. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 4 bedrooms. They are 39 % more costly than the average value aforementioned.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $289,912 it is 52 % cheaper than the average price in Ballarat. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $139,833 it is 19 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Land" at an average cost of $262 / m² followed by "House" priced at $659 / m². "House" is the cheapest type of property with a $659 / m² value followed by "Land" with an average price of $262 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Ballarat
Number of properties used in region Victoria
$289,912
$1,106
4,892
190,118
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value