Suburb Profile Report for East Bendigo VIC (3550)

East Bendigo House: Median price $388,500, Annual capital growth 5.45%, Number of sales 34, Weekly median advertised rent $330

East Bendigo Unit: Median price $310,000, Annual capital growth 24.41%, Number of sales 14, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in East Bendigo, 3550 have given investors a capital gain of 21.41%. This compares very favourably with the 2.87% for VIC as a whole.

East Bendigo,3550 was ranked 2271 in Australia by increase in median property value over the quarter.

East Bendigo3550 is located in VIC which offers an average discount of -6.51% to property investors. East Bendigo itself is showing figures that indicate -5.38% is the average achievable by property buyers investing in the suburb.

East Bendigo, 3550’s gross rental yield is 4.42%

With a capital gain of 11.71% for the last 12 months, East Bendigo, 3550 has performed for property investments than its average annual 24.41% property growth over the last 5 years.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 24.41%.

Metrics i HOUSE UNIT
$388,500 $310,000
0.39% 0.00%
21.41% 11.71%
5.45% 24.41%
$330 $300
34 14
4.42% 5.03%
52.2857142857143 35.3

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2153
Median household income ($/weekly) 946
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 210 9.7
    25-34 years 288 13.4
    35-44 years 254 11.8
    45-54 years 284 13.2
    55-64 years 247 11.5
    Others 871 40.4
    Age Group
    Census Count Percent(%)
    Not Married 758 45.9
    Registered Married 713 43.2
    Defacto Relationship 181 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1920 93.1
    Indonesia 10 0.5
    Papua New Guinea 20 1.0
    United Kingdom 43 2.1
    Other 27 1.3
    Others 42 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 1.1
    Christianity 1463 74.1
    Hinduism 8 0.4
    Islam 10 0.5
    No Religion 465 23.5
    Others 8 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 111 13.3
    $600-$799 106 12.7
    $800-$999 86 10.3
    $1,000-$1,249 90 10.8
    $1,500-$1,999 88 10.6
    Others 353 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 657 37.4
    Employed, worked full-time 638 36.3
    Employed, worked part-time 345 19.6
    Employed, away from work 62 3.5
    Unemployed, looking for work 54 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 220 21.0
    Technicians & trades workers 169 16.1
    Clerical & administrative workers 139 13.3
    Sales 118 11.3
    Labourers 114 10.9
    Others 288 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 21 4.6
    Infants/Primary 139 30.3
    Secondary 114 24.8
    Technical or Further Educational Institution 69 15.0
    University or other Tertiary Institutions 100 21.8
    Others 16 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1829 90.9
    Semi-detached, row or terrace house, townhouse 170 8.4
    House or flat attached to a shop, office 10 0.5
    Caravan, cabin, houseboat 3 0.1
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 342 38.2
    Rented 304 33.9
    Being purchased 247 27.6
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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