Bakery Hill (postcode 3350) is a sparsely populated locality in Victoria within the Ballarat local government area. The area has roughly 180 residents and a mix of young professionals and families, with a median age of 34. Households earn a median income of $66K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The current median weekly rent is $420. The median monthly mortgage repayment is $1,306.
Public transport access includes 4 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
On the investment side, Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.