Suburb Profile Report for North Bendigo VIC (3550)

North Bendigo House: Median price $287,000, Annual capital growth 4.79%, Number of sales 65, Weekly median advertised rent $270

North Bendigo Unit: Median price $240,000, Annual capital growth 4.26%, Number of sales 11, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$287,000 $240,000
-1.88% N/A
6.30% -9.77%
4.79% 4.26%
$270 $260
65 11
4.89% 5.63%
75.7 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in North Bendigo VIC
Demographics
Total population 3954
Median household income ($/weekly) 891
Median age of persons 37
Median housing loan repayment ($/monthly) 1148
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 467 11.8
    25-34 years 551 13.9
    35-44 years 471 11.9
    45-54 years 449 11.4
    55-64 years 404 10.2
    Others 1612 40.8
    Age Group
    Census Count Percent(%)
    Not Married 1355 50.2
    Registered Married 1063 39.4
    Defacto Relationship 283 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3362 90.5
    Indonesia 68 1.8
    Papua New Guinea 21 0.6
    United Kingdom 59 1.6
    Other 59 1.6
    Others 144 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 1.0
    Christianity 2460 69.0
    Hinduism 34 1.0
    Other Religious Groups 16 0.4
    No Religion 999 28.0
    Others 19 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 136 9.9
    $400-$599 202 14.8
    $600-$799 185 13.5
    $800-$999 171 12.5
    $1,000-$1,249 147 10.8
    Others 526 38.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1275 43.3
    Employed, worked full-time 993 33.7
    Employed, worked part-time 463 15.7
    Employed, away from work 107 3.6
    Unemployed, looking for work 105 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 303 19.3
    Technicians & trades workers 251 16.0
    Clerical & administrative workers 203 12.9
    Sales 158 10.1
    Labourers 214 13.6
    Others 440 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 66 8.2
    Infants/Primary 282 35.2
    Secondary 194 24.2
    Technical or Further Educational Institution 108 13.5
    University or other Tertiary Institutions 110 13.7
    Others 41 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3319 94.9
    Semi-detached, row or terrace house, townhouse 86 2.5
    Flat, unit or apartment 85 2.4
    House or flat attached to a shop, office 7 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 544 37.8
    Being purchased 460 31.9
    Fully owned 428 29.7
    Other tenure type 8 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals