27 Scenic Cres, Ballarat North VIC 3350
27 Scenic Cres, Ballarat North VIC 3350
Detached house | large-block family suburb | elevated site likely | tight local demand | school-catchment appeal
The property is positioned in a well-regarded family suburb where detached houses on sizeable allotments are consistently sought after. Its likely configuration, a typical Ballarat North family home with room for multiple bedrooms and outdoor space, suits buyers seeking proximity to the CBD, schools, and transport without compromising on land. The area’s character is defined by established gardens, quiet streets, and a mix of renovated period homes and newer builds. The house is best suited to families and upsizers who value a solid footprint and the potential to add personal finishes. A competitive edge is provided by the combination of block size and suburban convenience, particularly as larger parcels are becoming less common. This house serves a specific demand.
The value may be influenced by the condition of the original structure, as some period homes require updating to meet current expectations. Land dimensions and slope might affect usability with elevated sites offering views but also potential landscaping costs. Zoning and overlay considerations could impact future renovations or extensions. School catchment boundaries might strengthen demand if aligned with reputable local schools. The property’s current presentation must be weighed against its capacity for improvement, as both factors shape price expectations.
>> Comparable Sales: 27 Heights Crescent sold for $835,000; 27 Lavinia Drive sold for $690,000 | Property Price Band: $800K–$900K | Value Drivers: condition, land size, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Scenic Cres, Ballarat North VIC 3350
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Ballarat North sits in Victoria’s fastest-moving regional corridor, affordable against Melbourne Metro and drawing professionals and families priced out of the capital. Q4 2025 sales surged 30.7% to 788 houses across Ballarat, but house prices tell a split story: REIV shows a $520,000 median with 2% quarterly growth, while Property.com.au records $540,000 with -1.8% annual compounding. Units perform better, with Property.com.au reporting $425,000 and 12.6% yearly growth. Demand is underpinned by an exceptionally tight 0.7% vacancy rate and only 402 rentals available in Q4 2025, pushing gross yields to 5.36% for units versus 3.89% for houses. Infrastructure spending of $318.8 million in 2026 supports the outlook, yet planned supply is critically thin: just 44 houses and 158 units for the year against quarterly sales volumes that already outstrip that pipeline. That undersupply points to upward price pressure, though the recent annual decline for houses cautions against assuming momentum is uniform.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
-
Land
1082m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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