If you compare the increase in value of investment property in Bendigo, 3550 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 28.97%.
Bendigo,3550 has offered an average of 28.97% return per annum in house price rises to property investors over the last three years.
At number 82th of VIC’s most discounted properties, Bendigo is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.61%, investors should hope to achieve an overall return of 3.45%
Across a shorter period, Bendigo, 3550 has seen a median price increase of 24.32% over the last quarter.
At number 236 in a list of fastest selling suburbs, Bendigo is in the TOP 20% of suburbs in Australia with an average of days on market 46.35 for properties listed there.
Bendigo is 182th on a list of best yielding suburbs for rents in VIC with a 3.66% return
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%.