East Bendigo

POSTAL CODE: VIC, 3550
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Property investors have seen a 4.61% gain in EAST BENDIGO based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on EAST BENDIGO, 3550 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 20.2%.

Based on its average 5-year and quarterly capital gains EAST BENDIGO, 3550 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $625,050

Profits averaged 3.67% per annum over a 3-year period, due to an upward trend in home prices in EAST BENDIGO, 3550.

This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

The gross rental yield in EAST BENDIGO, 3550 is 4.58%.

An average of 4.17 real estate transactions take place per month in EAST BENDIGO which translates to 50 per annum.

Surburb overview

East Bendigo is an inner-city suburb of Bendigo in central Victoria, approximately 150 kilometres north-west of Melbourne’s CBD and about 3 kilometres east of the Bendigo city centre within the City of Greater Bendigo. Originally established during the Victorian gold rush, the suburb has evolved from an industrial and mining area into a mixed residential and commercial precinct while retaining strong connections to Bendigo's heritage and manufacturing sectors. East Bendigo is situated on the traditional lands of the Dja Dja Wurrung people.

According to the 2021 Australian Bureau of Statistics Census, East Bendigo had a population of 1,520 people with a median age of 42 years. Detached houses comprise the predominant housing type, alongside a selection of townhouses and units. The suburb accommodates a diverse community, with employment supported by manufacturing, health services, retail, education and businesses throughout the Greater Bendigo region.

Road access is provided via the McIvor Highway, Midland Highway and the Calder Highway, connecting East Bendigo with central Bendigo, Melbourne and surrounding regional centres. Public transport includes regular local bus services linking the suburb with Bendigo Railway Station and neighbouring suburbs. At the same time, Bendigo Railway Station provides frequent V/Line train services to Melbourne and other regional destinations. Walking and cycling paths also provide convenient connections to the Bendigo city centre and surrounding areas.

East Bendigo benefits from proximity to a comprehensive range of essential services, including supermarkets, medical centres, pharmacies, schools, childcare facilities, cafés, retail businesses and community amenities. Residents also have convenient access to Bendigo Health, La Trobe University, Bendigo TAFE, government offices and the extensive shopping, dining and professional services available throughout central Bendigo.

East Bendigo offers a variety of recreational and cultural opportunities. Residents and visitors have access to nearby Bendigo Creek Trail, Lake Weeroona, local sporting reserves and public open spaces, while the Bendigo Botanic Gardens, Ulumbarra Theatre, Bendigo Art Gallery and the Central Deborah Gold Mine are all within easy reach. The suburb also provides convenient access to Bendigo's festivals, heritage attractions, walking and cycling networks, and the surrounding Box–Ironbark forests that support bushwalking, birdwatching and nature-based recreation throughout the year.

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