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Ararat Rural City, VIC

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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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Suburb Heatmap Analysis

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.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
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Building Approvals

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Hold chart
Demand

Days on Market

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Clearance Rate

Search Index

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DOM chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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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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