North Bendigo

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 10.03% for the past year.

Investors saw the median home price rise to $537,000.

Profits due to an upward trend in home prices in the suburb averaged 2.11% per annum over a 3-year period.

NORTH BENDIGO now ranks at the 231st 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 $500 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 50.5 days.

In 2016, 92 properties were sold in NORTH BENDIGO during the past year, making it the 26th most active market in VIC based on total real estate transactions.

NORTH BENDIGO ranks 74th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

NORTH BENDIGO, 3550 has a capital gain of 3.57% for the past year, which is lower than average compared to its 52.56% growth within a five-year period.

With the median home price in NORTH BENDIGO sitting at $435,000, and the average rent at $450, property owners could potentially earn a 5.38% increase in gross rental yield.

Property investors have seen a 1.87% gain in NORTH BENDIGO based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that NORTH BENDIGO, 3550 obtained a 7.34% growth over a ten-year period. It ranks 420th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$537,000	$435,000
Growth Report
Median Quarterly	2.29%	1.87%
Median 12 month	10.03%	3.57%
Median 3 years	6.34%	5.45%
Median 5 years	43.2%	52.56%
10 years average annual	6.77%	7.34%
Weekly media advert. rent	$500	$450
Time on Market	50.5 days	69.6 days
Gross Rental Yield Percent	4.84%	5.38%

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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