VIC has seen average median house prices change by 22.78% which means that Bendigo, 3550 has done well for property investors by showing a capital gain of 15.82% over the last year
Bendigo,3550 has offered an average of 15.82% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Bendigo should be aiming for at least -3.01% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2730 in a list of fastest selling suburbs, Bendigo is just in the bottom half of suburbs in Australia with an average of days on market 44.426 for properties listed there.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
At number 762th in the list of Australian suburbs ordered by increase in median house value over the last year, Bendigo, 3550 is in the top 40% with a property value increase of 17.84% recorded in median house prices.
Over the longer term, Bendigo has seen property prices show investors a 12.46% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Bendigo is $495000, with sellers offering an average of 0.00% off the asking price.
Advertised rents are around the $650 mark per week – giving a return of 1.72% based on the median price in Suburb
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What was once the richest city in the world is now a historic city in Victoria nestled in the Bendigo Valley. Bendigo sits near the geographical centre of the southern state and is home to the mid-1900s Central Deborah Gold Mine. More gold was found in this city between 1850 and 1900 than anywhere else in the world, with stunning buildings and monuments still lining the streets.
Almost two hours out from the state’s capital, Melbourne, Bendigo is home to a bustling business centre and shopping district. The Golden Dragon Museum celebrates the Chinese heritage of the area. Not short on culture, Vintage Talking Trams run through the city while detailing the famed gold mining history.