With a capital gain of 9.02% for the last 12 months, Bendigo, 3550 has performed for property investments than its average annual 6.84% property growth over the last 5 years.
A 13.39% growth in median value for property investors in Bendigo,3550 puts this suburb at number 363th in terms of best performing suburbs in VIC
At number 367th of VIC’s most discounted properties, Bendigo is in the TOP 40% of the state/territory when listing in order of most discounted to least.
At number 1014 in a list of fastest selling suburbs, Bendigo is in the TOP 30% of suburbs in Australia with an average of days on market 65.2078 for properties listed there.
The VIC suburb of Bendigo, 3550 is in the Greater Bendigo (C) local government area.
If you compare the increase in value of investment property in Bendigo, 3550 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.66%.
Advertised rents are around the $310 mark per week – giving a return of 5.86% based on the median price in Suburb
Information supplied by:
Median House Price: $410k
Current Yield (houses): 4.2%
Average annual growth (houses): 6.2%
Bendigo is a city in Victoria that has been showing considerable growth. In fact, house values have risen by an average annual growth rate of 6.2%. Investors can also enter the market comfortably, with the median house price coming in at $410k.
Consisting of a bustling business centre and a shopping district that are in easy reach from the many surrounding suburbs, the city on a whole offers an ideal lifestyle for both families and working professionals.
Bendigo’s famed gold rush roots continue to propel population growth, whilst also attracting tourism. The rental yield for houses is a strong 4.2%.