The Victorian regional centre of Ballarat holds a very special place in Australian history. It was the epicentre of the Victorian gold rush, which transformed Australia from a British backwater to an economically independent and robust land. This is also the site of the Eureka Rebellion, which many historians see as the symbolic birth of Australia as a nation.
Ballarat is a prime example of how you turn temporary wealth into long term prosperity. When the gold mines ran dry, Ballarat turned itself into a major regional centre, and now attracts new residents with healthy tourism, agriculture, arts and culture, and service industries.
There is a wealth of reasons to move to Ballarat, so if you are looking to buy property in the city, is a house and land package in Ballarat a good option to achieve your new home dream?
Why buy in Ballarat?
The first step is to understand what Ballarat is all about, so let’s first get an idea of what life is like for a resident in the city.
A town of 100,000, Ballarat is Australia’s third-largest inland city. In the last decade, Ballarat’s population has been growing at a slightly faster rate than the national average, with Melbourne’s surging house prices and improved transport links to the Victorian capital seen as contributing factors.
The median age in Ballarat is just shy of 36 years (slightly lower than the national average of 37), 8.2% of the population was born overseas, and the median income of $38,850, while smaller than Melbourne, is higher than average for regional Victoria.
Located just a 1.5-hour drive west of the Melbourne CBD, Ballarat offers a relaxed country atmosphere with all the convenience of big city living.
Residents aren’t short of education options, with the city boasting over 50 schools as well as two well-equipped universities. The streets are wide, the lots are roomy, and the parks and reserves are large and plentiful, with Lake Wendouree Reserve in the centre of town a particular highlight.
Ballarat boasts an extensive public bus network, with 15 routes servicing the city, while residents can also utilise taxi and Uber services. It’s a major rail transport hub, with regular daily services running from the town centre to the Melbourne CBD.
Health providers are plentiful, with two major hospitals servicing the city and surrounds. And far from a country backwater, the shopping, dining, and entertainment options in Ballarat are as good as any regional centre in Australia.
Ballarat, like most established regional centres, is home to an incredibly stable property market that has managed to avoid much of the volatility that Melbourne and other Australian capitals have recently seen. Annual growth has been steady and, in many cases, strong, with house prices, in particular, experiencing a sustained upward trend going back a decade. The average purchase price for houses in Ballarat Central was $300,000 in 2011 but broke the $500,000 mark in 2019.
While Ballarat Central is understandably the most in-demand region, the city’s steady growth has seen new communities, developments, and satellite suburbs like Miners Rest, Alfredton, Lucas, and Delacombe popping up in recent years. And the great thing about buying in such a small city is that even the most isolated of these new communities is still just a 15-minute drive from the very centre of town, all while taking you away from the hustle and bustle and into the fresh country air.
Where to find House and land packages in Ballarat
- Winter Valley Rise
A brand new home, on a good patch of earth, in a cleverly designed community, at a price you can afford. House and land packages are proving incredibly popular in Ballarat for a reason.
As mentioned above, new construction projects are currently concentrated in the city’s western suburbs of Miners Rest, Alfredton, Lucas, and Delacombe. The Winterfield and Winter Valley Rise projects are two of the biggest, and both are located just 10 minutes from the city centre.
Both a new suburb and a new development, Lucas is currently a largely untouched parcel of land in the city’s expansive west. But don’t let the open pastures fool you; when finished, it will be almost a city in itself, and already boasts a school, community areas, and its own shopping precinct. A new home four-bedroom house and land packages start from as little as $350,000.
Just south of Lucas, in the suburb of Winter Valley, Winterfield is a unique new master-planned community that aims to offer Ballarat residents the perfect balance between nature and amenity. The green theme weaves through every aspect of the estate, but without affecting convenience or lifestyle. The price for a new home with such sustainable living? Incredibly affordable. Three bedroom house and land packages are available for less than $350,000!
Next door to Winterfield, Winter Valley Rise, is a development with a focus on young families. Both a proposed primary school and an early learning center will be within walking distance of every home, footpaths will line both sides of every road, and acres of space will be left open for activity. A retail and commercial space means you’ll never need to leave! You’ll need to get in quick though - house and land packages are currently being sold in stage 6b of 7! Three bedroom house and land packages start at $375,000, and four bedrooms start at $400,000.
Stability, growth, value; the Ballarat property market has it all. And if you’re hoping to secure a brand new home in the city, a house and land package allows you to do so is perhaps the safest and most cost-effective way possible. And on top of offering a beautiful place to call home, these investments are one of the most profitable anyone can make.
Particularly when you buy in a high growth city like Ballarat.