Real Estate Pitfield Vic 3351

Real Estate Market: Is Pitfield VIC 3351 a Good Suburb to Buy Into?

Housing Market in Pitfield

Key Pitfield Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2006 - 2023

	Field	Value	VS Ballarat	Trend
	Capital Growth Forecast: Houses	Premium	Premium	Premium
	Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium

Housing Supply in Pitfield

Pitfield Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2002 - 2023

Pitfield

63.3%

Ballarat

34.8%

Compare
Suburbs

Field	Value	VS Ballarat	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	12.6	Top 13%	Data for Jul 2023
Housing Stock Quality Indicator
Total new residential buildings value (SA2)	Premium	Premium	Premium
Stock on Market	0	Bottom 24%	Data for Mar 2025

Housing Stock Quality in Pitfield

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL and Microburbs, 2006 - 2023

Field	Value	VS Ballarat	Trend
Houses	100.0%	Top 31%	Data for Jan 2021
Average bedrooms - all homes	1.6	Bottom 6%	20% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Pitfield

Pitfield Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023

Pitfield

24.5%

Ballarat

29.0%

Compare
Suburbs

	Field	Value	VS Ballarat	Trend
	Heritage overlay total area	0.0 sq km	Bottom 41%	Data for Jun 2023

Risk in Pitfield

Pitfield Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Pitfield

34.1%

Ballarat

53.9%

Compare
Suburbs

Field	Value	VS Ballarat	Trend
Housing Affordability Index	35	Top 43%	Data for Jun 2023
Rent Affordability Index (Houses)	79	Top 46%	Data for Jun 2023
Rent Affordability Index (Units)	77	Top 40%	Data for Jun 2023
Mortgage as a percent of income	6.2%	Bottom 14%	82% to Jan 2021

Housing Demand in Pitfield

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN and Microburbs, 2006 - 2030

Pitfield

38.5%

Ballarat

54.4%

Compare
Suburbs

Field	Value	VS Ballarat	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	5700	Bottom 18%	17% to Dec 2036
Historical Population (SA3)	27000	Bottom 13%	12% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	30000	Top 36%	101% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium