$250-300k market bouyant in Ballarat: Herron Todd White

The most buoyant market in Ballarat are properties priced between $200,000 and $250,000, according to Herron Todd White.

Herron Todd White's October Month in Review said almost all suburbs in Ballarat have properties within in this price bracket.

"Areas such as Ballarat Central, Soldiers Hill, Black Hill, Ballarat East and Golden Point have shown some good growth in the past 12 to 24 months," HTW noted.

"The main drivers of the market in these areas is the scarcity of land, aesthetic appeal of the period properties, proximity to infrastructure, strong rental returns and the relative affordability.

"The flow on effects in the near term would be the stagnation of some new areas in the region such as the new estate areas of Lucas and Delacombe.

"However in the event the prices close to town continued to grow, the new estate areas would become more attractive as purchasers would compare the two and perhaps begin to see greater value in a house and land package scenario."