15 Palmerston Street, Ararat, VIC 3377 | Land for sale | OnTheHouse
 
FOR SALE
$300,000

15 Palmerston Street
Ararat VIC 3377

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1339m2
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Prime Opportunity - Expansive 1339m2 Approx. Allotment with Rear Lane Access

An outstanding opportunity exists to secure this expansive approx. 1339m2 allotment offering immense potential for developers, investors, and first-time buyers seeking to build their dream home in a prime location.
Situated within walking distance to Ararat Hospital, the city centre, train station, and Alexandra Oval, this property boasts the added advantage of rear lane access, enhancing its development appeal. The generous land size provides ample space for multi-dwelling projects (STCA), making it an ideal candidate for residential development in a growing regional hub.
For first-time buyers, the property also presents excellent opportunities to take advantage of government incentives. Eligible buyers may receive the First Home Owner Grant of $10,000 when purchasing or building a new home, while stamp duty exemptions or concessions may also apply. Additional grant may also be available through the low deposit scheme. These incentives make this large, well-located allotment even more appealing for families looking to build their dream home.
Large parcels of land in such a central location are becoming increasingly rare, making this a truly unique chance for families, builders, and developers alike. With the combination of size, location, rear lane access, and government incentives, this property represents a remarkable opportunity to secure a prime piece of Ararat real estate.
For more information or to arrange an inspection, please contact Aidan Moar on 0458 579 328 today.
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Property Details for 15 Palmerston St, Ararat

Building Type
Land
Land Size
1339m2
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About Ararat 3377

The size of Ararat is approximately 161.2 square kilometres. There are 25 parks, covering nearly 14.9% of the total area. The population of Ararat in 2016 was 8297 people. By 2021 the population was 8500 showing a population growth of 2.4% in the area during that time. The predominant age group in Ararat is 50-59 years. Households in Ararat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ararat work in a community and personal service occupation.In 2021, 69.70% of the homes in Ararat were owner-occupied compared with 68.10% in 2016.

Ararat has 5,005 properties. Over the last 5 years, Houses in Ararat have seen a 42.69% increase in median value, while Units have seen a 30.77% increase. As at 31 July 2026:

  • The median value for Houses in Ararat is $416,097 while the median value for Units is $295,200.
  • Houses have a median rent of $420 while Units have a median rent of $360.
There are currently 49 properties listed for sale, and 9 properties listed for rent in Ararat on OnTheHouse. According to Cotality's data, 304 properties were sold in the past 12 months in Ararat.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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