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City of Ballarat

Ararat

Ararat Property Market
& Suburb Profile

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MEDIAN PRICES IN ARARAT

Median house price

(all agencies, last 12 months)$394k*

House price change

(all agencies, last 12 months)+7.14%

Median unit price

(all agencies, last 12 months)$264k*

Unit price change

(all agencies, last 12 months)-13.61%

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

ARARAT price TRACKER

HousesUnits

Ararat sales overview

  • Sold by Auction 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)77

Average days on market (units)

(all agencies, 12 months)105

Average held period in Ararat

(proptrack)10 years

Ararat Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$415pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$314pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)5.19%

Average rental yield for Units

(all agencies, last 12 months)4.96%

Ararat total population size

(as at the last census)8,500

Median household size in Ararat

(as at the last census)2.2

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

Ararat property types

  • Houses 59%
  • Units 8%
  • Other 33%

OCCUPANCY in Ararat

  • Owned 70%
  • Rented 26%
  • Other/Not Stated 4%
  • Singles 34%
  • Families 63%
  • Other 3%

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About Ararat

Ararat is a vibrant suburb located in the heart of the Grampians region in Western Victoria. With a population of around 8,000 people, Ararat is a bustling town that offers a relaxed country lifestyle with all the amenities you could need.

A former gold-mining town, situated within a rich pastoral, wine and fruit growing district between Stawell and Beaufort. The town boasts a number of beautiful, historical buildings, including the Town Hall and Shire Hall, both built in the late 1800s. Other historical places of interest include the Gum San Chinese Heritage Centre, the Langi Morgala Museum, and J Ward, which was originally the Ararat County Gaol until 1887.

Housing in Ararat is diverse, with a mix of historic homes and modern builds. The town is known for its large, heritage-listed buildings, which add to its character and charm. You'll find everything from grand Victorian mansions to more modest weatherboard homes, making it a great place to find your dream home, no matter your budget.

The suburb is surrounded by beautiful natural scenery, including the nearby Grampians National Park, which offers an array of outdoor activities, from hiking and rock climbing to birdwatching and picnicking. A number of attractive parks and gardens are located in Ararat, including Alexandra Botanical Gardens which features a large lake, colourful garden beds and a conservatory. Just a few kilometres north-west of the town is the One Tree Hill Lookout, which provides panoramic views over Ararat and the surrounding ranges. There's also a variety of sporting facilities in Ararat, including a golf course, swimming pool, and sports stadium.

Ararat boasts a strong community spirit, with a range of local events and activities throughout the year. The town has a thriving arts scene, with galleries and performance spaces showcasing the work of local artists and musicians. There are also numerous cafes, restaurants, and shops, as well as a weekly farmers' market, providing plenty of opportunities to connect with your neighbours and support local businesses.

For families, Ararat has a range of excellent schools, both public and private, as well as a TAFE campus for further education. The town also has a hospital and medical centre, ensuring that residents have access to quality healthcare.

Overall, Ararat is an excellent choice for anyone looking to buy property in a friendly, welcoming community, surrounded by stunning natural scenery, with plenty of amenities and activities to keep you busy.

Suburbs nearby:

Education

Ararat North Primary School
Ararat Primary School
Ararat Secondary College
Ararat West Primary School
Marian College
St Mary's School
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Sales Comparison

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

Ararat MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025202$328,6257.14%171$365pw5.08%
2024189$356,250no change237$360pw5.43%
2023190$347,500-1.92%204$341pw5.23%
2022211$337,75021.88%182$320pw5.00%
2021245$327,50030.61%198$293pw4.64%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025202$328,625+7.14%
2024189$356,250no change
2023190$347,500-1.92%
2022211$337,750+21.88%
2021245$327,500+30.61%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025171$365pw5.08%
2024237$360pw5.43%
2023204$341pw5.23%
2022182$320pw5.00%
2021198$293pw4.64%

PROUDLY SERVICING Ararat

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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 October 2024 to 31 October 2025, last updated 31 October 2025.