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East Bendigo, VIC 3550

Home » VIC Real Estate Data » Greater Bendigo City, VIC » East 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 East 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 “East Bendigo, VIC 3550”

  1. The total adult population (15 years or older) of East Bendigo 3550 VIC is 1,953, with a median age of 45. Of those, 37.69% are married, 14.90% are divorced or separated, 39.68% are single and 7.83% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,600. The median monthly mortgage repayment for households in this suburb is $1,213 which is 15.96% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the scenic state of Victoria, the suburb of East Bendigo 3550 is a vibrant hub housing approximately 1944 families. As of Q3 2023, the property market valuation in East Bendigo holds significant potential for homebuyers and investors alike.

    Houses on offer in East Bendigo boast a typical market price of $623,672 while achieving a median weekly rent of $401. This figure indicates a promising indicative yield of 3.34%, neatly surpassing the standard 3% benchmark attractive to property investors primed towards cashflow optimization.

    East Bendigo possesses an IRSAD score of 959 out of 1217, reflecting the middle to upper socio-economic standing of its population. Nonetheless, investors should bear in mind that the renter to owner ratio in the area is 45%, marking it as a questionable investment owing to a high proportion of renters.

    Still, the units to houses ratio offers a more promising perspective, set at a comforting 5% which implies a low presence of units and a dominant market of houses. The factor is favourable for landlords as it reduces rental competition and upkeeps the potential for higher rental yields.

    However, the affordability index for houses in East Bendigo breaches the favourable benchmark and stands at 32 years, suggesting a decreased housing affordability in the area.

    Addressing the supply metrics, the stock on market Percentage for houses resonates promising figures at 0.23%, indicating low supply and favourable conditions for sellers. This is additionally supported by the inventory level for houses, which equates to just 1.04 months, indicating a market with low supply.

    That being said, the building approvals ratio for houses is 2.93% which may hint towards a future increase in dwelling supply in the market.

    Demand metrics, including the days on the market for houses and the vacancy rate, stand at 35 days and 0.58% respectively. These figures depict a high demand scenario where properties are quickly being snapped up by buyers, and housing stock remains largely occupied due to high popularity amongst tenants.

    Finally, the buy search index for houses echoes a median figure of 5 representing a balanced and neutral demand within the East Bendigo property market.

    In conclusion, despite some metrics falling within an unfavourable range, the majority of the indices portray a favourable and potential-filled market for property investors in East Bendigo as of Q3 2023. However, it’s crucial to keep track of these metrics over time to ensure favourable market conditions are sustained. The application of tools like an RCS can also be beneficial to this process.

    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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