Bendigo is in the bottom 40% in VIC when comparing median price capital growth over the last year. Bendigo gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.52%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bendigo has increased when compared to the 5 year average annual rate.
Vendor discounting in Bendigo is giving property investors an average Vendor Discount of around -6.48%. This puts suburb at number 193th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.52%, investors should hope to achieve an overall return of 4.68%
With a capital gain of 13.54% for the last 12 months, Bendigo, 3550 has performed for property investments than its average annual 1.64% property growth over the last 5 years.
Across a shorter period, Bendigo, 3550 has seen a median price increase of -0.91% over the last quarter.
The VIC suburb of Bendigo, 3550 is in the Greater Bendigo (C) local government area.
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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%.