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North Bendigo
AREA REPORTS

North Bendigo

North Bendigo - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3550

house
unit

NORTH BENDIGO, 3550 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling NORTH BENDIGO, 3550 values up and netting property investors a capital gain of 25.33% for the past year.

Investors saw the median home price rise to $470,000.

Profits due to an upward trend in home prices in the suburb averaged 17.2% per annum over a 3-year period.

NORTH BENDIGO now ranks at the 154th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $380 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NORTH BENDIGO, homes and units usually stay on listing for an average of 27.1 days.

In 2016, 106 properties were sold in NORTH BENDIGO during the past year, making it the 761st most active market in VIC based on total real estate transactions.

Data report can be found below

North Bendigo
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $470,000 $381,000
GROWTH REPORT
Median Quarterly 6.82% 14.41%
Median 12 month 25.33% 33.63%
Median 3 years 51.61% 49.41%
Median 5 years 73.43% 59.58%
10 years average annual 7.83% 6.84%
Weekly media advert. rent $380 $330
Time on Market 27.1 days 37.1 days
Gross Rental Yield Percent 4.2% 4.5%
demographics (median values)*
Total Population
40339
Weekly Household Income
1107
Household Size
2.30
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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