462 Old Melbourne Road, Ballan VIC 3342

462 Melbourne Rd, Ballan

Land/Development - Ballan VIC

Property Overview

• Address: 462 Old Melbourne Road, Ballan VIC
• Site Area: Approx. 20,000 sqm (2 hectares)
• Zoning: Township Zone (TZ) – supports accommodation, commercial, and mixed-use development
• Frontage: Prominent corner position with dual access
• Improvements: Existing residential dwelling on-site
• Adjoining Development: Directly adjacent to an approved 800-lot residential subdivision

Development Potential

• No existing motel in Ballan – first-mover advantage
• Ideal for: Motel, serviced apartments, short-stay accommodation, hospitality venue, or mixed-use precinct
• Strategic location: Gateway to Ballan town centre, close to freeway access, rail station, and future residential catchment

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Ballan Growth Snapshot

Population & Demographics

• Population growth: +13.6% from 2016 to 2021 (from 2,985 to 3,392 residents) Your Investment
• Predominant age group: 50–59 years – strong demand for short-stay and visiting family accommodation Your Investment
• Household type: Primarily childless couples and professionals Your Investment

Property Market Trends

Metric Houses Units
Median Price $590,000 $421,000
Rental Yield 3.9% 4.89%
Median Rent $450/week $400/week

Sources: CoreLogic, Your Investment Property Magazine realestat… +1

🚆 Connectivity & Infrastructure

• Ballan Train Station: Direct V/Line access to Melbourne and Ballarat 20 trains a day
• Western Freeway: 1 minute to freeway entrance
• Melbourne CBD: Approx. 1 hour drive
• Ballarat: 30 minutes by car

🏗️ Adjacent Residential Subdivision

• 800-lot masterplanned community approved
• Expected influx of new residents and families
• Demand for accommodation, retail, and services will surge

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🧠 Why Developers Should Act Now

• Undersupplied accommodation market – no motel currently in Ballan
• Large, flexible site with zoning that supports commercial and tourism uses
• Immediate catchment growth from adjacent subdivision
• Strategic commuter location between Ballarat and Melbourne
• Tourism potential – proximity to Wombat State Forest,
“ this communication is Ai generated and requires your own due diligence and professional advice”

please note this information may be AI generated. All information requires your own due diligence and professional advice.

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