Located in the busy Mair Street upgrade precinct, this property offers developers, builders, investors and owner operators an outstanding site to undertake an appealing combined commercial/residential building project. The current Planning Permit allows for a ground floor shop or cafe plus 2 car parks, a first-floor office, two 2nd floor residential units and a rooftop patio. Set on a corner block with extensive exposure to high traffic volumes, this block is ready for significant value adding. Adjacent to JB Hi-Fi, The Good Guys, Big W, Dan Murphy's and within close proximity to the Bridge Mall Shopping Centre, Ballarat Station and new Gov Hub complex currently under construction.
The size of Ballarat Central is approximately 3.8 square kilometres. It has 5 parks covering nearly 3.7% of total area. The population of Ballarat Central in 2016 was 5328 people. By 2021 the population was 5378 showing a population growth of 0.9% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation.In 2021, 57.60% of the homes in Ballarat Central were owner-occupied compared with 56.90% in 2016.
Ballarat Central has 4,491 properties. Over the last 5 years, Houses in Ballarat Central have seen a 17.52% increase in median value, while Units have seen a 14.64% increase. As at 31 January 2026:
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