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
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%.