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Moorabool Shire
Lal Lal

Lal Lal Property Market
& Suburb Profile

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MEDIAN PRICES IN LAL LAL

Median house price

(all agencies, last 12 months)$850k*

House price change

(all agencies, last 12 months)-1.02%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

LAL LAL PRICE TRACKER

Houses

LAL LAL SALES OVERVIEW

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)86

Average held period in Lal Lal

(proptrack)8 years

LAL LAL INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$498pw

House rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.28%

Lal Lal total population size

(as at the last census)621

Median household size in Lal Lal

(as at the last census)2.8

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

LAL LAL PROPERTY TYPES

  • Houses 67%
  • Other 33%

OCCUPANCY IN LAL LAL

  • Owned 94%
  • Rented 2%
  • Other/Not Stated 4%
  • Singles 21%
  • Families 77%
  • Other 2%

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ABOUT LAL LAL

Lal Lal is a historic rural township located approximately 20 kilometres south-east of Ballarat, set within the scenic, flat-to-undulating country of the Moorabool Shire.

The name Lal Lal is derived from a local Aboriginal word meaning "dashing waters," a reference to the dramatic Lal Lal Falls which have served as the area's primary landmark for centuries. The locality is a unique blend of natural beauty and rare industrial heritage, characterized by its open volcanic plains, dense state forests, and the prominent presence of the Moorabool River.

The identity of Lal Lal is deeply connected to its geological and industrial history. It is famously home to the Lal Lal Blast Furnace, the only 19th-century blast furnace remaining in the Southern Hemisphere and the site of Victoria’s only significant attempt to smelt local iron ore. During the 1870s and 80s, this was a site of intense labor, where hundreds of men lived in timber huts while extracting iron that would eventually form iconic Victorian structures, such as the gates of St Patrick’s Cathedral in Ballarat. While the furnace fell silent in the 1890s, the towering ruins remain a major heritage site within the Lal Lal-Bungal Historic Area, surrounded by remnant tramway beds and open-cut mines that are now being reclaimed by the bush.

Nature and recreation are the modern hallmarks of the area. The Lal Lal Falls Reserve is a significant cultural site for the Wadawurrung people, who believe the falls are the earthly home of Bunjil the Creator. The reserve attracts visitors for its spectacular 30-metre drop into a rocky basalt gorge, as well as its proximity to Moorabool Falls and Granite Falls. Nearby, the Lal Lal Reservoir, or Bungal Dam, serves as a vital water source for Ballarat and Geelong, offering a massive expanse of water that shapes the local climate and provides a backdrop for picnicking and birdwatching.

Community life in Lal Lal is quiet and spread out, centered around the historic Lal Lal Falls Hotel, the local primary school, and the community hall. The township has a strong connection to the railway, with the bluestone station building and a massive 1860s-era water tank serving as reminders of a time when special "race trains" brought thousands of visitors to the now-defunct local racecourse. Today, the area is favored by those seeking a secluded, semi-rural lifestyle amidst peppermint forests and open grazing land, offering a profound sense of history and some of the most striking natural landscapes in the Central Highlands.

Education

Lal Lal Primary School
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SALES COMPARISON

Find out how Lal Lal median sales prices compare to neighbouring suburbs.

LAL LAL MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
20259$850,000-1.02%0$498pw3.28%
20246$858,750no change0$484pw3.32%
20231-no change1$474pw3.11%
202213$782,500-1.56%2$440pw2.73%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
20259$850,000-1.02%
20246$858,750no change
20231-no change
202213$782,500-1.56%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
20250$498pw3.28%
20240$484pw3.32%
20231$474pw3.11%
20222$440pw2.73%

PROUDLY SERVICING Lal Lal

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.