Property value increases in Bendigo have tracked just lower than the VIC average of 7.38% over the last 12 months.
The five-year average increase in median property values for Bendigo,3550 has given property investors a potential capital gain of 25.88% across each of those five years.
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 -5.30% is being offered, which puts this VIC suburb at 737th most discounted overall in Australia.
At number 1461 in a list of fastest selling suburbs, Bendigo is just in the top half of suburbs in Australia with an average of days on market 64.8495 for properties listed there.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
Investment property in Bendigo has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 28.44%
Taking the average capital gain, or increase in median house value, Bendigo,3550 has racked up an average of 28.44% over the period. This ranks it number 615th in the whole country for real estate investors looking at median house price increases.
At number 1185 in a list of fastest selling suburbs, Bendigo is in the bottom 10% of suburbs in Australia with an average of days on market 117.5 for properties listed there.
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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%.