Ararat Rural City, VIC

Ararat Rural City is a local government area in Western Victoria, Australia. The local property market is dominated by family homes, with a somewhat limited number of properties available for sale at any one time.

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The Ararat economy is based on agriculture, manufacturing, and tourism. The main agricultural products are wool, meat, and dairy products. The main manufacturing industries are textiles, food processing, and metal products. The main tourist attractions are the wineries and the Mount Ararat National Park.

Managers (18.4%), Labourers (16.9%), Community and Personal Service Workers (15.8%), Professionals (13.2%), and Technicians and Trades Workers (11.8%) are the most prevalent professions in Ararat. In Ararat, the typical weekly personal income for individuals aged 15 and over is $556.

In Ararat, 92.8 % of inhabited private homes are detached houses, 2.8 % are semi-detached, row or terrace houses, townhouses, or similar structures, 2.6 % are flats or apartments, and 1.2 % are other structures.

If you are looking to invest in property in Ararat, Victoria, there are a few things you should keep in mind. Firstly, Ararat is a relatively small town, so there may not be a lot of rental and sales opportunities available. However, the town is located in a desirable location, close to Melbourne and other regional centres, so property values are likely to appreciate in the long term. Additionally, the cost of living in Ararat is relatively low, so your investment will go further.

Use the dashboard below to discover the best Ararat suburbs to invest in.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
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Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
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Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
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Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
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DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
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Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Ararat Rural City, VIC

What other property markets are there near Ararat Rural City, VIC?

Ararat Rural City is surrounded by 4 other council areas – Northern Grampians, Pyrenees, Southern Grampians, Corangamite, Moyne.

How many people live in Ararat Rural City, VIC?

There are approximately 12000 people living in roughly 6500 dwellings in total, with an average household size of 2.3.

What are current and planned infrastructure projects in Ararat Rural City, VIC?

Notable infrastructure projects include Ararat Wind Farm, Western Highway Duplication, National Broadband Network, The Murray Basin Rail Project was announced in August 2015 by Victorian Premier, Daniel Andrews, East Grampians Pipeline Upgrade, Ararat Regional Art Gallery Redevelopment, Western Rail Project.

What major retailers are there in Ararat Rural City, VIC?

The main retail centres are The Reject Shop, CAS couture, ALDI Australia, Ritchies IGA Ararat,

What is the main industry in Ararat Rural City, VIC?

Such sectors as viticulture, wine industry, quality merino wool, cropping and manufacturing industries make up the largest part of the employment.

What are the dominant demographic groups in Ararat Rural City, VIC?

Among approximately 12000 people in Ararat (RC) males and females make roughly 53% and 47% respectively. The median age of people is 46 years. Children aged 0-14 years account for approximately 16% of the population, and those aged 65+ years account for 23%.

How is unemployment rate trending in Ararat Rural City, VIC?

Among approximately 5000 people employed, roughly 55% work full-time, 34% work part-time, and an estimated 5.2 % are unemployed.

Suburbs/localities in this Local Government Area: Great Western 3374, Ballyrogan 3375, Lake Bolac 3351, Langi Logan 3377, Mafeking 3379, Maroona 3377, Mininera 3351, Bayindeen 3375, Mount Cole 3377, Mount Cole Creek 3377, Moyston 3377, Narrapumelap South 3293, Norval 3377, Pomonal 3381, Rhymney 3377, Rocky Point 3377, Rossbridge 3377, Stavely 3379, Tatyoon 3378, Warrak 3377, Westmere 3351, Wickliffe 3379, Willaura 3379, Willaura North 3379, Yalla-Y-Poora 3378, Bornes Hill 3379, Cathcart 3377, Ararat 3377, Armstrong 3377, Denicull Creek 3377, Dobie 3377

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