Ballarat and Geelong are Victoria’s two largest regional cities and the most compared markets for Melbourne investors looking to diversify regionally. Here is the full GeeVee head-to-head.
Median Price Comparison
| Metric | Ballarat | Geelong |
|---|---|---|
| Median House Price | $580,000 | $780,000 |
| Median Unit Price | $380,000 | $490,000 |
| Gross House Yield | 5.1% | 4.1% |
| Gross Unit Yield | 5.8% | 4.9% |
| 5-Year Growth | 42% | 46% |
| GeeVee Score | 7.4/10 | 7.8/10 |
Which City Wins?
Ballarat wins on yield (5.1% house) and entry price ($580,000). Geelong wins on capital growth (46% vs 42%), infrastructure and proximity to Melbourne. For yield-focused investors, Ballarat is compelling. For growth-focused investors, Geelong is the stronger pick.
Frequently Asked Questions
Is Ballarat or Geelong a better investment?
Ballarat offers higher yields at a lower entry price. Geelong offers stronger capital growth and better infrastructure. Most investors prioritise Geelong for long-term growth and Ballarat for cash flow.
Is Ballarat growing faster than Geelong?
Geelong’s five-year growth of 46% slightly exceeds Ballarat’s 42%, driven by its proximity to Melbourne and the population shift post-COVID.
Find off-market investment properties in Ballarat, Geelong and across regional Victoria at collings.com.au/portal.
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