Average price trends
590,000
Jan
599,495
Feb
630,000
Mar
What are the property taxes in Ballarat and are there any other ongoing costs I should consider?
In Ballarat, Victoria, property owners are subject to council rates based on property values, typically between $1,000-$ 2,500 AUD annually. Additionally, consider water rates and Fire Services Property Levy, adding approximately $300-$ 800 AUD and $100-$ 200 AUD respectively. Insurance and maintenance costs should also be accounted for when budgeting for ongoing expenses.
What types of upfront costs and fees will I have to pay when purchasing a property in Ballarat?
When purchasing property in Ballarat, upfront costs include: conveyancer solicitor fees ($1,000-$ 3,000 AUD), inspection fees ($200-$ 600 AUD), Stamp Duty (varies greatly based on the property value and buyer status), and loan application fees (if applicable, around $150-$ 600 AUD). Additionally, there may be Lenders Mortgage Insurance if the deposit is less than 20%. Always confirm details as costs can fluctuate.
How does the Ballarat property market compare to ther regions in the Australia?
The median house price in Ballarat is around $ 495,000 AUD, which is affordable compared to Melbourne's $ 882,000 AUD and Sydney's over $1,410,000 AUD. Ballarat offers a competitive market with growing demand yet remains appealing for those seeking more value for money, contrasting with Sydney and Melbourne's high-priced environments.
How competitive is the Ballarat property market?
The property market in Ballarat, Victoria, Australia, is moderately competitive, with house prices experiencing a growth. As of April 2023, the median house price in Ballarat stands at approximately $ 495,000 AUD. Recent sales, like a 3-bedroom house in central Ballarat selling at around $ 520,000 AUD, exemplify the city's active market dynamics, pointing toward a steady demand among buyers attracted by its historical charm and growing infrastructure. For more detailed information, visit property websites or local real estate listings.
