Property value increases in Bendigo have tracked just higher than the VIC average of 4.41% over the last 12 months.
If we look at median property appreciation over just the last three months, Bendigo has given property investors a paper return of 0.00%. This puts Suburb as 531 on a list of fastest fasting appreciating suburbs in VIC
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 -6.52% is being offered, which puts this VIC suburb at 1285th most discounted overall in Australia.
Advertised rents are around the $350 mark per week – giving a return of 4.41% based on the median price in Suburb
At number 221th in the list of Australian suburbs ordered by increase in median house value over the last year, Bendigo, 3550 is in the top 20% with a property value increase of 12.50% recorded in median house prices.
The five-year average increase in median property values for Bendigo,3550 has given property investors a potential capital gain of -16.92% across each of those five years.
Often selling an investment property can take time, and in Bendigo the average time real estate has been on the market is 128.2 days.
Bendigo, 3550’s gross rental yield is 5.78%
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%.