Ballarat “strongest market in Victoria” as Melbourne cools off

Regional Victorian property markets are outperforming Melbourne, with Ballarat showing the strongest performance overall.

Hotspotting founder and property expert Terry Ryder’s latest Price Predictor Index singles out Ballarat as the “strongest market in Victoria”, overtaking greater Geelong.

The report suggests large numbers of Melbourne buyers are drawn to Ballarat’s affordability and better rental yields compared to Melbourne. And the regional city’s growth potential, driven by the strength and diversity of its local economy.

Ballarat has also benefited from improved train and road links, which connect to Melbourne.

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This article was originally published on realestate.com.au