Suburb Profile Report for Bendigo VIC (3550)

Bendigo House: Median price $405,000, Annual capital growth 4.78%, Number of sales 123, Weekly median advertised rent $350

Bendigo Unit: Median price $322,500, Annual capital growth 2.73%, Number of sales 14, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Giving property investors a an unimpressive capital gain of -2.41% for the last year, Bendigo, 3550 is the 3081th highest performer in Australia in this respect.

Bendigo,3550 was ranked 3494 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bendigo, 3550. Typically our figures indicate that -5.71% is being offered, which puts this VIC suburb at 602th most discounted overall in Australia.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.78%, investors should hope to achieve an overall return of 4.49%

Bendigo, 3550 ranked 44th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bendigo is one of 2099 in our list for VIC

Bendigo,3550 has offered an average of 17.27% return per annum in house price rises to property investors over the last three years.

Residents and property investors in Bendigo have been waiting around 131 days to sell a property.

Information supplied by:




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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%.

Metrics i HOUSE UNIT
$405,000 $322,500
-1.88% 19.44%
-2.41% 17.27%
4.78% 2.73%
$350 $280
123 14
4.49% 4.51%
66.6292134831461 131

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5774
Median household income ($/weekly) 957
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 658 11.4
    25-34 years 754 13.1
    35-44 years 763 13.2
    45-54 years 789 13.7
    55-64 years 760 13.2
    Others 2051 35.5
    Age Group
    Census Count Percent(%)
    Not Married 2130 52.2
    Registered Married 1555 38.1
    Defacto Relationship 392 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4775 90.4
    Indonesia 40 0.8
    Papua New Guinea 42 0.8
    United Kingdom 154 2.9
    Other 89 1.7
    Others 185 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 106 2.1
    Christianity 3238 63.9
    Hinduism 18 0.4
    Other Religious Groups 20 0.4
    No Religion 1662 32.8
    Others 23 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 213 9.8
    $400-$599 317 14.6
    $600-$799 239 11.0
    $1,000-$1,249 216 10.0
    $1,500-$1,999 223 10.3
    Others 961 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1619 36.7
    Not in the labour force 1500 34.0
    Employed, worked part-time 927 21.0
    Unemployed, looking for work 189 4.3
    Employed, away from work 172 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 323 11.9
    Professionals 767 28.3
    Technicians & trades workers 333 12.3
    Community & personal service workers 297 10.9
    Clerical & administrative workers 327 12.0
    Others 668 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 77 5.9
    Infants/Primary 396 30.2
    Secondary 330 25.2
    Technical or Further Educational Institution 156 11.9
    University or other Tertiary Institutions 306 23.4
    Others 45 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4242 83.4
    Semi-detached, row or terrace house, townhouse 584 11.5
    Flat, unit or apartment 218 4.3
    House or flat attached to a shop, office 42 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1007 43.6
    Fully owned 691 30.0
    Being purchased 594 25.7
    Other tenure type 15 0.7
    Tenure Type
Census 2011, ABS
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