Property value increases in Bendigo have tracked close to the VIC average of 8.40% over the last 12 months.
Over the longer term, Bendigo has seen property prices show investors a 13.38% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Bendigo 3550 should be seeing an average reduction in asking price of around -4.58% . This means that Bendigo is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 9.92 sales per month, which equates to 119 per year.
Renters in Suburb are facing rents around $18720 per annum or $360 every week.
At number 10th in the list of Australian suburbs ordered by increase in median house value over the last year, Bendigo, 3550 is in the top 10% with a property value increase of 42.59% recorded in median house prices.
Across a shorter period, Bendigo, 3550 has seen a median price increase of 6.94% over the last quarter.
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%.