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Bendigo, VIC 3550

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bendigo, VIC 3550 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Bendigo, VIC 3550”

  1. The total adult population (15 years or older) of Bendigo 3550 VIC is 4,924, with a median age of 43. Of those, 37.08% are married, 14.93% are divorced or separated, 43.22% are single and 4.81% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,936. The median monthly mortgage repayment for households in this suburb is $1,482 which is 18.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Victoria, the suburb Bendigo 3550 houses a community of approximately 4989 households. The third quarter of 2023 showcases typical prices for houses cutting the line at an impressive $712,558. On the rental front, the median weekly rent is pegged at $420. This sets the stage for an indicative yield of just above 3.07%— a favourable margin for cashflow-centric property investors.

    The socio-economic canvas of the area is robust with an IRSAD score of 983 out of 1217, indicating a largely affluent and well-established ecosystem. However, it’s important for prospective investors to be cognizant of the renter to owner ratio which stands rather high at 45%. Generally, investor-friendly markets lean towards a lower renter to owner ratio, keeping it at 30% or below to avoid saturation with rental properties.

    Bendigo 3550 paints a different picture on the units to houses front. Units – encompassing apartments, flats, studios – compose only a small fraction equating to 7% of the properties against houses. This lower ratio goes hand in hand with reduced competition among landlords and can foster better rental yields.

    The affordability index measures high at 35 years suggesting that the market might present some barriers entry for first-time home buyers. In conjunction, the market for houses presents low supply with stock on market Percentage and inventory level ascertained at 0.3% and 1.47 months respectively. The building approvals Ratio further corroborates the trend with a low figure of 0.13%, indicating a subsiding pipeline for new dwelling stock in the suburb.

    Houses stay on the market for an average of 63 days and the area maintains a moderate vacancy rate of 1.08%, reflecting a balanced demand scenario. The buy search index cuts the threshold at 5, levelling with the state/city average, suggesting the demand is relatively neutral as we tread deeper into 2023.

    Given this data, Bendigo 3550 does present some favourable aspects such as yield and supply metrics. Though metrics like renter-to-owner ratio and affordability index are high, it is crucial to remember that these figures may balance against an overall strong market performance.

    Investors should ensure they consult with the Relative Composite Score (RCS) metric developed by HtAG Analytics that incorporates over 80 metrics, ensuring a comprehensive and holistic evaluation of the property landscape in Bendigo 3550.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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