Bendigo Property Market Update 1st Half 2026
Bendigo, Victoria, boasts a lively arts and culture scene, featuring celebrated galleries, festivals, and historic architecture. Its friendly community and closeness to nature offer a unique mix of urban convenience and country charm.
Property Trends
In Q4 2025, Bendigo recorded a median house price of $610,000 and a median unit price of $475,000. This represents an annual (Q4 2024 – Q4 2025) median price growth of 5.2% for houses and 8.0% for units. Comparing Q4 2024 and Q4 2025, total sales increased by 14.1% (to 412 sales in Q4 2025) for houses, reflecting a highly demanded housing market. By contrast, unit sales declined by -19.4% (to 79 sales in Q4 2025), indicating an undersupplied unit market. Combined with previously lower interest rates, this has stimulated house and unit price growth. Thus, now it is an ideal time for owners to capitalize on their investments.
Project Development
Bendigo plans to see approximately $1.2Bn of new projects commencing construction in 2026. While several ready-to-sell stock are on the cards, of 196 dwellings, 213 units, and 28 townhouses; comparing it with the number of sales in Q4 2025 (412 houses and 79 units) it is not enough. Further, land lots (882 planned) will take time to develop. Thus, an undersupply is highly likely, which will push up property prices in the short-term.
Rental Market & Growth
House rental yields in Bendigo were 3.9% as of December 2025, higher than the City of Greater Bendigo (3.4%) and Melbourne Metro (3.0%). This is paired with a 5.7% growth in median house rental price in the past 12 months to Q4 2025, at $460 per week, along with a -5.8% decline in the number of houses rented (to 660 rentals in Q4 2025). This indicates an undersupplied and competitive house rental market in Bendigo. This is beneficial for investors, especially those looking for an affordable option to Melbourne.
Vacancy Rates & Property Investment
Bendigo recorded a vacancy rate of 1.8% in December 2025, lower than Melbourne Metro’s 2.0% average. Vacancy rates have remained stable in the past 12 months, indicating a resilient rental market. Furthermore, a 1.8% vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating there is quicker occupancy time of rental homes in Bendigo. This confirms there is a conducive environment for investors, even with a higher median house and unit sales price (thus entry price) in the past 12 months in Q4 2025.
