If you happen to own a three-bedroom house in Bendigo
, then you have reason to be celebrating.
Figures from the Real Estate Institute of Victoria (REIV) show that three-bedroom houses in Bendigo have experienced the highest rate of capital growth compared of any house type in Victoria’s regional centres in the past year.
In the 12 months to March 31, the median price of a three-bedroom house in Bendigo saw a 16.9% increase to $397,000.
Across the state three-bedroom houses proved to be strong performers, with a 6.9% increase for median values in regional areas and 9.4% increase for median values in Melbourne.
REIV chief executive officer Enzo Raimondo believes new infrastructure projects in the Bendigo region, such as the new Bendigo Hospital, and its proximity to Melbourne are the reason it was the top regional performer over the past 12 months.
“Like many regional centres within commuting distance of Melbourne, Bendigo is sought-after by those priced out of the Melbourne market and seeking a more affordable home in a location offering a great lifestyle,” Raimondo said.
Three-bedroom homes in Kyneton were the next best performers, with 13.5% growth and a $420,000 median, followed by Ballarat Central
with 12.7% and a median price of $332,500 for three-bedroom homes.
Also showing strong annual growth were four-bedroom homes in Wodonga
and Drouin and three-bedroom homes in Ballarat East, Belmont
, Geelong West
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out