Alfredton Property Market & Buyers Agents 2026

The Alfredton property market is a picture of consistent demand and strong capital growth, establishing it as one of Ballarat's premier suburbs. As of May 2026, the median house price sits at $640,000, reflecting a robust 8.5% increase over the past twelve months. This trajectory is part of a longer-term trend, with five-year growth exceeding 42%. The market for units is also healthy, with a median price of $370,000 and annual growth of 7.3%. Driving this performance is a classic supply and demand imbalance. Properties in Alfredton sell quickly, with an average of just 36 days on market, indicating that buyer interest consistently outpaces available listings. This transactional velocity is underpinned by the suburb's strong demographic profile; it has a high socioeconomic status which supports long-term price stability and attracts owner-occupiers with stable incomes. The suburb is dominated by houses, with units making up a small fraction of the housing stock, further concentrating demand for family homes. For investors, Alfredton presents a clear capital-growth proposition rather than a high-income play. The rental yield for houses is a modest 3.8%, while units perform better at 5.0%. While rental returns are not the primary drawcard, the low vacancy rate suggests a stable and reliable rental market. The area is central to the City of Ballarat's western growth corridor, with significant subdivision and development in greenfield sites to the south and west. This planned expansion, coupled with ongoing demand for its established amenity-rich pockets, suggests a positive outlook. However, stretched affordability is a factor to watch; continued price escalation could begin to limit the buyer pool if not matched by income growth.

Alfredton is a large and dynamic suburb located 4km west of Ballarat's CBD, defined by its leafy streets, quality housing, and extensive amenities. Its most famous landmark is the historic Arch of Victory, which marks the beginning of the Avenue of Honour, a 22km stretch of road lined with trees planted to commemorate World War I veterans. The suburb is highly sought after by families due to its excellent schooling options. It is home to Alfredton Primary School, St Thomas More School, and is zoned for the highly-regarded Ballarat High School. The prestigious Ballarat Clarendon College also has a campus bordering the suburb. For recreation, residents are spoilt for choice. The vast Victoria Park lies to the east, and the suburb itself contains numerous green spaces, including the Alfredton Recreation Reserve with its sporting oval and BMX track. Shopping needs are met by the Alfredton Central Shopping Centre and the nearby Lucas Town Centre, which host supermarkets and specialty stores. Transport links are robust. Multiple bus routes, including the 10 and 26, provide regular services to the Ballarat city centre and railway station. The suburb's position along Sturt Street (the Western Highway) also provides convenient road access towards Melbourne and the west. This combination of space, amenity, and connectivity makes Alfredton one of Ballarat's most desirable and complete residential communities.