Lot 1 Morella Road Ararat VIC 3377
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Picturesque Semi-Rural Building Block
Property Details for Lot 1 Morella Rd, Ararat
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.
Suburb Insights for Ararat 3377
Market Insights
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