If you compare the increase in value of investment property in North Bendigo, 3550 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.41%.
The five-year average increase in median property values for North Bendigo,3550 has given property investors a potential capital gain of 22.36% across each of those five years.
Our latest figures would indicate that property sellers in North Bendigo are currently offering property investors an average price cut of -5.93% below the asking price at the moment.
At number 1622 in a list of fastest selling suburbs, North Bendigo is just in the top half of suburbs in Australia with an average of days on market 72.51 for properties listed there.
Using the current median advertised rental of $272.5 and the average annual increase in value of a median property of 4.94%, investors should hope to achieve an overall return of 4.89%
With a capital gain of -17.95% for the last 12 months, North Bendigo, 3550 has performed for property investments than its average annual 4.39% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, North Bendigo,3550 has racked up an average of -17.95% over the period. This ranks it number 1264th in the whole country for real estate investors looking at median house price increases.