Bendigo Property Market Update 2nd Half 2026
Bendigo 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 Q2 2026, Bendigo recorded a median house price of $670,000 and a median unit price of $497,500. This represents an annual (Q2 2025 – Q2 2026) price growth of 10.7% for houses. During this time house sales declined by -21.9% for houses (to 420 sales in Q2 2026), which confirms a clear undersupply in the house market. This resulted in house price growth despite multiple cash rate hikes in 2026. Thus, now remain an ideal time for house owners to capitalize on their investments. In the same timeframe, the unit market saw a slight softening in median price, of -3.4%, whilst unit sales declined by -10.2% for units (to 88 sales in Q2 2026). There is a more affordable unit market in Q2 2026, creating a unique opportunity for first home buyers.
Project Development
Bendigo plans to see approximately $329.2M of new projects commencing construction in 2026. While several new ready-to-sell stocks (91 houses, 110 units, and 13 townhouses) are planned; this remains insufficient compared with the 1,683 houses sold in 2025. The current housing undersupply is expected to remain, which will push up property prices.
Rental Market & Growth
House rental yield in Bendigo was 4.2% as of June 2026, slightly higher than City of Greater Bendigo (4.0%) and Melbourne Metro (3.2%). This is paired with a 6.0% growth in median house rental price in the past 12 months to Q2 2026, at $530 per week, along with a -14.8% decline in the number of houses rented (to 415 rentals in Q2 2026). This indicates an undersupplied and competitive house rental market in Bendigo. This will benefit investors, especially those looking for a more affordable option to Melbourne.
Vacancy Rates & Property Investment
Bendigo recorded a vacancy rate of 1.7% in June 2026, below the City of Greater Bendigo (1.8%) and on par with Melbourne Metro (1.6%). Vacancy rates in the past 12 months have increased slightly, due to investors re-entering the rental market. However, a 1.7% vacancy rate is still below the 3.0% benchmark, indicating quicker occupancy of rental homes in Bendigo. This is a conducive environment for investors, even with a higher median house sales price (thus entry price) in the past 12 months to Q2 2026.
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