Bendigo has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.32% to date .
Bendigo,3550 has offered an average of 1.32% return per annum in house price rises to property investors over the last three 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 -5.57% is being offered, which puts this VIC suburb at 2077th most discounted overall in Australia.
Bendigo is 127th on a list of best yielding suburbs for rents in VIC with a 4.59% return
With a capital gain of -18.80% for the last 12 months, Bendigo, 3550 has performed for property investments than its average annual 4.73% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Bendigo has given property investors a paper return of -13.64%. This puts Suburb as 335 on a list of fastest fasting appreciating suburbs in VIC
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
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Bendigo is one of Victoria's regional powerhouses, and its property market is backed by a diverse economy.
“Located approximately 130km north of Melbourne’s CBD, Bendigo exists as one of Victoria’s key rural hubs. The area has a diverse and robust economy that comprises mining, agriculture, manufacturing, tourism, health, and a strong financial presence, with Australia’s only provincial stock exchange,” explains PRDnationwide’s Dan O’Halloran.
“The Bendigo real estate market is large enough to maintain a reasonable level of supply and demand throughout tough economic conditions, which makes it an attractive and secure investment option.”
He adds that Bendigo’s relative affordability compared to Melbourne, coupled with a strong community vibe assists to attract many new homeowners to the area each year. Rental yields are strong too, which will be of interest to investors.
Its demographics certainly look strong, with population growth averaging out at just under 2% per year over four years, according to ABS statistics. Renters make up around a third of the market.