Fraud Blocker

North Bendigo, VIC 3550

Home » VIC Real Estate Data » Greater Bendigo City, VIC » North 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 North 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “North Bendigo, VIC 3550”

  1. The total adult population (15 years or older) of North Bendigo 3550 VIC is 3,609, with a median age of 37. Of those, 32.64% are married, 14.41% are divorced or separated, 45.44% are single and 7.51% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,572. The median monthly mortgage repayment for households in this suburb is $1,290 which is 19.63% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, the suburb of NORTH BENDIGO, postcode 3550, is home to an estimated 2,353 households. Property market performance data for Q3 in 2023 reveals typical house prices of $507,506. The suburb boasts a decent median weekly rent of $402, resulting in an attractive indicative yield of 4.12%. With such compelling figures, cashflow-focused investors will find NORTH BENDIGO a worthy market to explore.

    Investing in NORTH BENDIGO also benefits from a socio-economic perspective, with a decent IRSAD score of 913 out of 1,217. Such a score indicates a relatively good economic resource access, along with moderate income levels.

    While the renter to owner ratio stands at 43%, slightly above the favourable benchmark, it should be acknowledged that a strong percentage of rentals in an area does not necessarily downgrade its investment potential as long as other fundamentals are robust. In contrast, a striking positive in NORTH BENDIGO’s metrics is its units to houses ratio, which sits at a preferable 6%. This suggests that the suburb enjoys a lesser competition among landlords for tenants, potentially maintaining high rental yields.

    Affordability in NORTH BENDIGO is average, with the ‘Years to Own’ metric for houses hovering around 30 years. It’s noteworthy that areas with high affordability typically highlight markets with greater potential for long-term growth.

    Supply metrics put NORTH BENDIGO on the favourable to neutral side of the scale, with a stock on market Percentage of 0.41% for houses and inventory Level sitting at 1.33 months. building approvals Ratio for houses is also in a favourable range at 0.23%, suggesting a potential for future growth.

    When it comes to demand, the suburb hits neutral to high mark, with an average days on market at 44 days. A big plus is the low Vacancy Rate, which combines houses and units, at just 1.09%, indicating high demand. The buy search index for houses is sitting at the state average of 5, suggesting considerable interest in the property market of NORTH BENDIGO.

    As always, take into consideration not just present figures but also historical and trending data when making an investment decision. Diligent market research can be automated through tools like RCS (Relative Composite Score) by HtAG Analytics, which offers an overview of over 80 metrics. Thus, while NORTH BENDIGO shows promise from these figures, it’s crucial to maintain a keen eye on any evolving market trends.

    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.

Leave a comment