Bendigo Research Factsheet 2nd Half 2017
The Bendigo property market recorded median price of $385,000 for houses and $272,500 for units in Q2 2017; this represents an annual price change of -4.9% and +6.8% respectively. This suggests increased affordability for those wanting to buy a house and a strong level of demand for units.
Bendigo continues to prove its investment potential with vacancy rate sitting at 2.7%, combined with rental yields of 4.5% for houses and units 4.6% in Q2 2017. Rents for houses, currently at $310 per week, increased by 10.7% and units, at $270 per week, increased by 22.7%.
The future looks bright for Bendigo with approx. $27.3M worth of projects set to commence in the 2nd half of 2017. These projects comprise a balance of commercial, residential, and infrastructure developments; which sets Bendigo on the path to sustainable growth.