• Ballarat’s economic stability, reasonable cost of living, appealing rental returns, and thriving tourism sector have created opportunities for property owners to generate a nice passive income from Airbnb properties.
• Delve into the top lucrative suburban areas for real estate investments in Ballarat. We also feature essential Airbnb statistics for each location.
• Airbnb hosts in Ballarat have the potential to earn an annual revenue of A$52,684 with a 50% occupancy rate for a 3-bedroom property, as confirmed by Airbtics’ analyzer.

Unlocking the Best Suburbs for Short-Term Rentals in Ballarat: A Property Investor’s Guide

In the Central Highlands of Victoria lies Ballarat, a destination known for its rich historical heritage, remarkable architectural landmarks, and significant involvement in the Australian gold rush during the 1850s.

Ballarat features a laid-back atmosphere, combining the peaceful nature of a small town with the convenience of being only a short drive away from Melbourne. But while it is a small city, it has experienced steady economic and real estate growth in recent years. For these reasons, the region became attractive to property investors looking to cater to short-term accommodations. 

Are you looking to invest in short-term rentals in Ballarat? Let us help you! We will mention which suburbs are the best places to invest in Airbnb in Ballarat and what to expect when it comes to real estate investments. Keep reading to find out more about this market!

Why should you consider targeting the Ballarat investment property market?

Ballarat presents an intriguing market for property investors looking to invest in short-term lettings, considering the numerous advantages it offers. Explore some of the top reasons why rental properties in Ballarat can be a lucrative business:

• AFFORDABLE HOUSING

The real estate market in Ballarat has shown consistent growth in recent years, highlighting its strong investment potential. Moreover, the city is undergoing numerous infrastructure developments, which affect the housing market positively as there can be a positive increase in property values.

Although property prices have skyrocketed in many areas in Australia, Ballarat remains an affordable option compared to other metropolis. This opens the doors to high rental yields since investors can enter the real estate market at lower prices. The average property price in Ballarat is A$625K for houses and A$410K for units.

• STEADY RENTAL DEMAND

Ballarat may be a small region, but there is a steady demand for both long-term and short-term rentals. This destination is home to a university that attracts a high influx of students and also features tourist sites that draw many overnight visitors. These factors, coupled with the growing population, allow the city to easily maintain a healthy demand for rental housing. 

Additionally, it should be known that the city is among the most profitable areas to invest in Airbnb in Australia. Hence, investors can see the Ballarat rental market in a positive light since there can be excellent opportunities just around the corner.

• DIVERSE ECONOMY THAT KEEPS GROWING

Ballarat boasts a diverse and steadily growing economy with sectors like education, healthcare, manufacturing, and tourism that ensure economic stability. Additionally, the ongoing infrastructure projects have boosted employment and investment as of late, making the area an appealing location to live or do business.

• WARM COMMUNITY WITH GREAT LIVING CONDITIONS

Ballarat is known for offering a high quality of life, with a welcoming community and quiet environment that blends the small-town charm with modern amenities. and a wide range of services and amenities. The city is home to the University of Ballarat and several top-tier schools, making it attractive to students and families seeking a quality education.

Moreover, Ballarat also features a cheaper cost of living and a wide variety of housing options to meet the needs of different people looking to relocate to this region.

• THERE’S SO MUCH TO DISCOVER! 

Do not let Ballarat’s size fool you because this charming region is a popular tourist destination, known for its attractions like Sovereign Hill, an open-air museum that immerses visitors in the 1850s gold rush era. 

Ballarat’s charm extends to its historic architecture, with landmarks like the Ballarat Town Hall and the elegant Craig’s Royal Hotel beckoning you to take a leisurely stroll and appreciate the city’s heritage! The city is also home to the Ballarat Museum of Art, beautiful gardens, and hosts plenty of cultural events throughout the year. 

For nature enthusiasts, the surrounding countryside offers a gateway to hiking adventures, with scenic trails meandering through forests, parks, and the nearby Pyrenees mountain range, inviting exploration and outdoor enjoyment.

Is Airbnb Profitable in Ballarat?

Wondering whether Airbnb investments in Ballarat are worth your time and money? Stop worrying because Airbtics confirms that they are indeed worth it! Ballarat attracts a high influx of visitors due to attractions, cultural events and festivals, creating plenty of opportunities for short-term rentals.

Let’s have a glimpse of Ballarat’s Airbnb market – According to Airbtics’ free Airbnb analyzer data, an Airbnb host can obtain annual revenue of A$52,684 with a steady occupancy rate of 50% for operating a 3-bedroom property in Ballarat.