As we enter the new financial year, there are a significant number of houses for sale in the Ballarat region.
1032, three bedroom plus houses are for sale. At the start of the year, there were 1106 for sale and since then 920 houses in this category sold in the first half of 2024.
We are still seeing investors sell their rental properties as interest rates remain high, land taxes have increased, and compliance and maintenance costs have increased.
With steady population growth close to 2% per annum and potential for even greater, we see the Ballarat region having a bright future and continuing to expand and grow, making it an increasingly more desirable place to live.
We see the potential for long-term growth in property prices in the coming years to be a fantastic opportunity for those in a position to buy into the market while it is at it’s weakest it has been for some time to consider their financial position to purchase.
It's well and truly a buyers market and majority of our recent purchases for clients have been negotiated by our expert buyers agents at or below the bottom of the range and we are seeing very frequent price reductions occurring across all price points.
If your considering purchasing a property, get in touch today for a complimentary consultation.
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