Bendigo is a mid-sized suburb in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 5,652, the suburb has an established demographic with a median age of 43. Households earn a median income of $74K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Bendigo is $620,000, having surged 14.8% over the past year. Units have a median price of $478,000 (-0.5% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,482.
Bendigo is served by 13 schools, including 5 primary, 4 secondary, 2 combined, 2 special. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 14 rail stations, 67 bus stops. Healthcare facilities include 2 public and 1 private hospitals. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Bendigo offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($620K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +14.8% year-on-year.
Bendigo is a mid-sized suburb in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 5,652, the suburb has an established demographic with a median age of 43. Households earn a median income of $74K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Bendigo is $620,000, having surged 14.8% over the past year. Units have a median price of $478,000 (-0.5% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,482.
Bendigo is served by 13 schools, including 5 primary, 4 secondary, 2 combined, 2 special. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 14 rail stations, 67 bus stops. Healthcare facilities include 2 public and 1 private hospitals. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Bendigo offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($620K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +14.8% year-on-year.