VIC has seen average median house prices change by 9.37% which means that Bendigo, 3550 has done well for property investors by showing a capital gain of 16.10% over the last year
While Bendigo,3550 ranked number 77th in VIC for increase in median house value (annualised) increase, it is ranked 460th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Bendigo is offering property investors an average of -4.44. This rate of discount on properties puts Suburb at number 126th in terms of most discounted suburbs in VIC
Bendigo, 3550 ranked 7th 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
Over the longer term, Bendigo has seen property prices show investors a 30.50% return over the last 3 years. This is an improvement over the last 12 months
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Advertised rents are around the $315 mark per week – giving a return of 4.36% 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%.