Bacchus Marsh Suburb Profile

It is surrounded by the suburbs of Pentland Hills to the west, Brookfield (a suburb of Melton) and Toolern Vale to the east and Lerderderg to the north.

Bacchus Marsh is accessed by road along the Western Freeway, however it also has a train station, part of the V-Line Ballarat line.

Driving from the city to Bacchus Marsh should take about 45 minutes, however this depends on traffic levels in and around the inner-city. The most straightforward way to drive to Bacchus Marsh from town involves getting on the Westgate Freeway, the Western Ring Road, then the Western Highway.

According to the REIV, Bacchus Marsh’s median house price as at September 2007 is $245,000, down from $235,000 recorded in the September 2006 quarter.  It is important to note that because less than 30 sales were recorded for the quarter, the September 2007 median house value is considered statistically unreliable.

According to Australian Property Monitors, Melbourne’s median weekly asking rent for houses is $340 as at December 2007. This is an increase from $330 per week in the September quarter.

Average median weekly asking rents for units are $300 per week in the December 2007 quarter, up $10 since the September quarter.

Gross rental yields for houses in Melbourne are now 4.12 per cent, a drop from 4.23 per cent in the September 2007 quarter. Gross rental yields for apartments in the December 2007 quarter were 4.8 per cent, compared to 4.9 per cent in the September 2007 quarter.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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