Ballarat’s time to shine again? Victoria’s largest inland city and arguably Australia’s most famous gold rush town – Ballarat – is a thriving hub of contemporary arts, events and award-winning foodie offerings all embedded within its fascinating past. With a median house price sitting around $550,000, is it any wonder this jewel in Victoria’s crown is attracting so much attention?
Keen to take advantage of new working from home opportunities and fresh beginnings, first home buyers armed with low interest rates, the extension of the federal government’s First Home Loan Deposit Scheme and other state-based incentives, are just one cohort turning their attention to ‘the capital of Western Victoria’ where the possibility of a bricks and mortar investment is no longer a pipe dream.
And this historic treasure is only 110km west of Melbourne, a trip that takes just over an hour by train to Southern Cross Station, or if driving is more your thing, it’s an easy trip along the Western Highway.
Ballarat property experts are reporting high levels of interest across all sectors of the market, from first-time buyer homes to high end properties and everything in between. Even pockets like Sebastopol and Ballarat East that have not always kept up with sale price increases are benefiting from current high demand and short supply.
The city is home to just over 100,000 people, and with a multitude of significant infrastructure projects in the works, the local economy is in great shape right now.
Just one of these projects, the Ballarat GovHub will become home to up to 1000 Victorian Government employees, including up to 600 public sector positions relocated from Melbourne in 2021. It’s expected that GovHub will revitalise a major part of the Ballarat CBD, generate long-term jobs growth, increase business confidence and further private sector investment.
Whether people are investing in the region because of the lifestyle, housing affordability or job re-location, an excellent mix of private and public schools, great recreational and medical facilities round out everything Ballarat has to offer.
If you have decided to move to beautiful Ballarat, why not let our trusted conveyancing team help?
At Settle Easy, we make the conveyancing part of your property journey as simple as possible. Our user-friendly online conveyancing platform and trusted Ballarat conveyancers will help you every step of the way to ensure you settle easy.
For more information call 1800 88 66 88 or visit www.settleasy.com.au