Real Estate trends in Moorabool
Image: Stock

Bacchus Marsh
In the 5 years between the 2011 census and 2016 census, the Bacchus Marsh population grew by 3,126 people. This also resulted in 1,263 new homes being built in the 3340 postcode.

In this time, property values have risen. The median property price in 2019 was $488,000 for houses and $400,000 for units. Property rental median was $360 p/w for houses and $313 p/w for units.

Based on 5 years of sales, Ballan has seen a compound growth of 7.0% for houses and 6.3% for units.

Ballan
In the 5 years between the 2011 census and 2016 census, the Ballan population grew by 211 people. This also resulted in 91 new homes being built in the 3342 postcode.

In this time, property values have risen. The median property price in 2019 was $487,500 for houses and $327,000 for units. Property rental median was $350 p/w for houses and $308 p/w for units.

Based on 5 years of sales, Ballan has seen a compound growth of 6.5% for houses and 2.8% for units.

Joe McFall from Joe McFall Real Estate said when asked about the growth. “It’s Better than money in the bank”

Ballarat has seen a compounded growth rate of 9.9% for houses, while Melton has seen 10.1%.

Population Stats from Census 2011 & 2016.
Real Estate Stats from realestate.com.au.

Dev
Author: Dev