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City of Ballarat

Ballarat Central

Ballarat Central Property Market
& Suburb Profile

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MEDIAN PRICES IN BALLARAT CENTRAL

Median house price

(all agencies, last 12 months)$620k*

House price change

(all agencies, last 12 months)+6.9%

Median unit price

(all agencies, last 12 months)$407k*

Unit price change

(all agencies, last 12 months)+5.71%

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

BALLARAT CENTRAL price TRACKER

HousesUnits

Ballarat Central 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)72

Average days on market (units)

(all agencies, 12 months)53

Average held period in Ballarat Central

(proptrack)13 years

Ballarat Central Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$458pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$373pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.64%

Average rental yield for Units

(all agencies, last 12 months)4.81%

Ballarat Central total population size

(as at the last census)5,378

Median household size in Ballarat Central

(as at the last census)2.1

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

Ballarat Central property types

  • Houses 56%
  • Units 11%
  • Other 33%

OCCUPANCY in Ballarat Central

  • Owned 58%
  • Rented 40%
  • Other/Not Stated 2%
  • Singles 40%
  • Families 54%
  • Other 6%

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About Ballarat Central

Ballarat Central is the historic and dynamic heart of regional Victoria's largest inland city, offering a rich lifestyle steeped in Gold Rush era heritage and modern convenience, making it highly desirable for professionals, families, and culturally-minded residents.

The suburb is defined by its grand Victorian and Edwardian architecture, which lines iconic streets like Lydiard Street, providing a beautiful backdrop to a thriving contemporary scene that includes the celebrated Art Gallery of Ballarat and the historic Her Majesty's Theatre.

The central precinct serves as the commercial and cultural engine of the region, boasting a vibrant food and cafe culture, extensive shopping at Central Square, and immediate access to major employment hubs like the large medical and hospital precinct, including the Ballarat Base Hospital.

Excellent educational facilities, including primary and secondary schools, are easily accessible, and the area's strong connectivity via the V/Line train station offers a feasible commuter link for those working in Melbourne, while maintaining a lower cost of living and a high quality of life.

The housing market features an appealing mix of beautifully maintained period homes and modern inner-city units, with consistent demand driven by its central location, robust health and education sectors, and its role as a regional powerhouse, cementing its appeal for both owner-occupiers seeking an amenity-rich life and investors targeting a stable rental market.

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Sales Comparison

Find out how Ballarat Central median sales prices compare to neighbouring suburbs.

Ballarat Central MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025147$513,5006.90%250$416pw4.22%
2024141$480,000-8.79%267$409pw4.40%
2023118$522,500-6.72%291$390pw4.11%
2022136$535,000-4.02%274$380pw3.81%
2021180$535,89124.65%300$359pw3.54%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025147$513,500+6.90%
2024141$480,000-8.79%
2023118$522,500-6.72%
2022136$535,000-4.02%
2021180$535,891+24.65%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025250$416pw4.22%
2024267$409pw4.40%
2023291$390pw4.11%
2022274$380pw3.81%
2021300$359pw3.54%

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NEWS & INSIGHTS

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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.