The median house price in Bendigo was $374,000 in Q4 2018, which represented annual (Q4 2017 – Q4 2018) median price growth of 6.9%. During this timeframe the number of houses sold declined by -24.3%, which suggests an undersupply of houses. On the other hand, the median unit price in Bendigo softened by -4.4% over the past 12 months to Q4 2018 to $258,000. During this time, the number of units sold declined by -35.0% which suggests that the market is saturated and that there is a strong preference towards houses.
Join Up or Sign In to access this article and many more.