Ballarat house values fall only slightly for the December quarter – REIV

April 19, 2023 3:53 pm in by
Image by Nattanan Kanchanaprat from Pixabay

The median price of a home in the City of Ballarat has fallen slightly in the last quarter.

New data from the REIV shows a dip of .9% for the December quarter, however over 12 months prices have risen by close to 5%.

Strong suburbs for the quarter were Ballarat North up over 7% and Newington 19%, whilst values in prestigious Lake Wendouree declined by 5%.

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The median house price for Ballarat is currently $585,000.