Published March 13, 2019 Last updated on March 13, 2019 Thinking of investing in the Victorian real estate market, or selling your current investment property? Then read our detailed guide to the best regions in Victoria for property investment in 2018, so you can make an informed decision and maximise your ROI. What did the property market look like in Victoria in 2017? Ballarat real estate growth population growth continues to support ballarat real estate growth vibrant Victorian real estate market, with Melbourne's market recording double digit growth of 10.
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The city is home to just over 100,000 people, and with a tonne of infrastructure projects in the works set to boost the local economy, 2018 could be Goldrush 2. There will be an integrated Hotel and Convention and Exhibition Centre, flexible retail and dining spaces, and a mixture of commercial activities sure to inject new energy into the CBD. With more than 140 local jobs created, not to mention the investment and business opportunities, this project will raise the profile of Ballarat and increase tourism, as well as enhancing the lives of local residents. This staged development is taking place over 438 hectares, adjacent to Ballarat Airport, and will become a super-sized industrial estate housing manufacturing, agribusiness, construction, freight and logistics. There will also be a Waste to Energy Plant, reducing energy costs for businesses and offering an environmentally sustainable solution to waste in the region.
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The downturn in Melbourne's property market looks likely to settle in for a while - so is this good or bad for Ballarat? On a positive note for homeowners, the slowdown shows no sign of spreading here. Prices are still increasing steadily in most areas of the city, with demand increasing in places - such as Sebastopol and Ballarat East - that had historically lagged behind. All sectors of the market, from first-time buyer homes to high end properties, are "buoyant", according to three estate agents who spoke to The Courier.
ballarat property market 2019
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