Ballart’s property market is showing momentum. Recent data indicate sustained demand among buyers and investors, positioning the Victorian city for potential price growth.
The recovery and growth are attributed to a diverse economy, low unemployment, population growth, and infrastructural developments exceeding $1 billion. As a result, Ballarat is not among Australia’s strongest regional cities for real estate investments.
Key numbers about price
| Aspects ⬇ | Houses | Units |
| Median price | $560,000 | $390,000 |
| 12-month growth rate | 5.7% | 5.2% |
| Sales increased by | 37.1% | 44.0% |
| Rental yield | 3.4% | 5.1% |
| Rental price | $480 per week | $350 per week |
Disclaimer: The data above is for Q2 2025, and Ballart’s property market has shown some fluctuation, which is normal for growing regional markets. So, the numbers above may vary!
Why invest in Ballart: Quick glance at reasons
With strong population growth, affordable entry prices, connectivity to Melbourne and major cities, and a strong regional economy, Ballart delivers an excellent balance of value and opportunity. Plus, the city’s tightening rental market means impressive rental demand, solid yields, and long-term capital growth potential—all without Melbourne’s hefty price tag.
In addition, Ballarat’s employement and economic growth mean a growing population, rising demand for housing and rentals, and services. This also points towards the growth of suburbs in and around the city. For instance, Bonshaw, being a part of Ballara, is well-positioned to absorb that demand. Traditionally a semi-rural region, Bonshaw has experienced substantial growth, particularly through a thriving regional economy and residential development to accommodate Ballarat’s growing population.
Key numbers about Ballarat’s economy
- Jobs: 62,005 Ballarat jobs in 2022/23, up 3.5 per cent on the previous year
- Healthcare and Social Assistance Sector: Ballarat’s biggest employment sector, with around 21.9 per cent of the workforce, 13,576 jobs, and $1 billion value added to the economy
- Education and Training Sector: $564.9 million value added to the Ballarat economy and 6,365 jobs across the sector
- Manufacturing Sector: $558.7 million value added to the Ballarat economy and 4,593 jobs (source: economy.id)
- Businesses: 9,952 businesses registered in Ballarat
Inside Ballart’s infrastructural and economic growth
Ballarat has a clear vision for how it will grow – evolving as a university city, a hub for tourism, a sustainable city with an unparalleled quality of life, one which attracts investment, supports business, facilitates regional economic growth, and welcomes new residents, students, and visitors.
Some of the ongoing and planned projects in the city are:
Eastwood Community Hub
Funded: City of Ballarat $9.01 million; Australian Government $8.53 million
This multipurpose community hub in central Ballarat will be a high-quality, accessible facility that fosters community participation and meets the needs of the growing Ballarat community. It will generate 128 jobs and $41.8 million in economic output during the construction phase.
Wendouree Library and Learning Centre
Project Cost: $23 million
A creative learning and community space offering a comprehensive library, Parent Place services, a maker space, community study, activity and relaxation spaces, a café, and free Wi-Fi. The project will support 110 local jobs during construction and deliver a projected community benefit of $98.9 million.
Ballarat West Growth Area Housing and Growth-Enabling Infrastructure
Project Cost: $13.27 million
Funded by the City of Ballarat and two by Central Highlands Water, this project will help fast-track 8,800 new homes and essential community facilities, and infrastructure in the Ballarat West Growth Area. It will deliver key road, water, and sewer infrastructure. This is how the project will support local jobs and businesses and add value to the regional economy.
Duplication of Dyson Drive
Project Cost: $88.3 million
This next major road project needed to serve the growing population and traffic in this area. Duplication of Dyson Drive between Remembrance Drive and Ballarat-Carngham Road to create a dual carriageway road and two service lanes. This project is the next stage of the Ballarat Link Road (BLR). It’s estimated to create 293 jobs during the construction phase and support jobs in freight, logistics, and manufacturing. (Source)
And, the list goes on….Download this PDF to learn about all ongoing and planned projects for the City of Ballart.
Future job growth in Ballarat and surrounds
From farming and manufacturing to tourism and healthcare, the region’s economy is moving from strength to strength.
Investments in renewable energy will create opportunities in business and construction, while advances in farming technology drive the need for new skills. The service industry is also booming, with opportunities for community workers, educators, and aged carers.
The development of key public infrastructure and facilities, including the Ballarat Base Hospital and the renewable energy sector, will also bring significant investment in the coming years.
Below are the top 10 industries in Ballarat in 2025:
- Manufacturing
- Health care and social assistance
- Construction
- Education and training
- Retail trade
- Accommodation and food services
- Agriculture, forestry, and fishing
- Professional, scientific, and technical services
- Public administration and safety
- Transport, postal, and warehousing
Victorian government backing Ballarat’s advanced manufacturing
This year, the government of Victoria has supported two advanced manufacturing sites in Ballarat, strengthening the city’s position as a regional jobs hub.
The first site is a new factory for JG King Building Group, bringing the company’s homebuilding and window-and-door production under one roof. The factory has resulted in $6 million in direct capital investment into Ballarat.
For homes in Ballart, this means:
- more energy smart
- more comfortable to live in
- cheaper for residents
The second site is CE Bartlett’s Wendouree factory, where a three-phase factory expansion has created more floor space in the general assembly and water tank liner areas. The factory will offer advanced textile goods for clients across agriculture, viticulture, transport, blinds, and defence.
All of this means more jobs, more homes, a stronger economy, and better infrastructure in Ballart.
A strong city economy raises each and every suburb around it, and Bonshaw is no different. As Ballarat expands with new jobs, infrastructure, and population growth, demand spreads outward. This drives housing need, strengthens rental markets, and supports long-term capital growth — strategically positioning its suburbs to take full advantage of Ballarat’s continued success.
Looking to buy or invest in Ballart? Inform your investment decisions with the best, handpicked properties and expert guidance at Property Buyers Australia.
