Giving property investors a a solid capital gain of 30.49% for the last year, Bendigo, 3550 is the 283th highest performer in Australia in this respect.
A 38.96% growth in median value for property investors in Bendigo,3550 puts this suburb at number 451th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Bendigo is offering property investors an average of -4.08. This rate of discount on properties puts Suburb at number 76th in terms of most discounted suburbs in VIC
Situated 132.21km from the CBD, Bendigo is one of Greater Bendigo (C) localities in the postcode 3550.
A 84.62% growth in median value for property investors in Bendigo,3550 puts this suburb at number 19th in terms of best performing suburbs in VIC
With the median price for a house in Bendigo being $480000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 3.47%
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%.