At number 1783th in the list of Australian suburbs ordered by increase in median house value over the last year, North Bendigo, 3550 is in the top half with a property value increase of 6.30% recorded in median house prices.
North Bendigo,3550 was ranked 3202 in Australia by increase in median property value over the quarter.
Vendor discounting in North Bendigo is giving property investors an average Vendor Discount of around -6.25%. This puts suburb at number 234th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 4.79%, investors should hope to achieve an overall return of 4.89%
Investment property in North Bendigo has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.77%
North Bendigo is 25th on a list of best yielding suburbs for rents in VIC with a 5.63% return