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:
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%.