East Bendigo

POSTAL CODE: VIC, 3550

HOUSE

UNIT

Property investors have seen a 11.32% 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 11.32%.

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 $590,000

Profits averaged 0.33% 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 $520 based on current median home prices for the suburb.

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

An average of 4.58 real estate transactions take place per month in EAST BENDIGO which translates to 55 per annum.

Property investments in EAST BENDIGO did not fare well against the rest of the country last year, registering a median home price decrease of -12%.

Figures from the previous quarter show that capital gains for real estate buyers in EAST BENDIGO are low, as opposed to average gains per annum over the past five years.

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

This means, real estate investors could earn a rental income of $445 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In EAST BENDIGO, homes and units usually stay on listing for an average of N/A.

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 $440,000

Investors saw the median home price rise to $440,000.

EAST BENDIGO ranks 62nd on the list of best yielding suburbs for rental properties in VIC, posting a 5.26% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$590,000	$440,000
Growth Report
Median Quarterly	11.32%	-12%
Median 12 month	11.32%	-12%
Median 3 years	1.72%	0%
Median 5 years	57.33%	0%
10 years average annual	7.97%	-5.21%
Weekly media advert. rent	$520	$445
Time on Market	43.4 days	N/A
Gross Rental Yield Percent	4.58%	5.26%

Demographics (Median Values)*

Total Population 40339

Weekly Household Income 1107

Household Size 2.30

Average Age 39

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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