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Ballarat land buyers choosing smaller blocks

August 21, 2023 12:12 pm in by
Photo: Unsplash

New data from RPM has shown Ballarat land buyers are choosing to buy smaller blocks.

The median block size sold across the June quarter was 448 square metres, with a price tag of just over $302,000.

Luke Kelly from RPM says it appears to be about affordability.

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“The lots that are left over at the end [of the quarter] were a little bit bigger than the 448 square metres, so that indicates people have chosen those slightly smaller lots, because of probably affordability,” he said.

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