Question 1

Is Bendigo a nice place to live?

Accepted Answer

Bendigo is the historic heart of a regional city, centred on wide, tree-lined streets and parklands and anchored by Pall Mall, Rosalind Park and Lake Weeroona. The Bendigo Art Gallery and a vintage talking tram give the CBD a civic and cultural focus, and a regular regional train links the centre to the wider region. Built form ranges from ornate Victorian terraces and grand former bank buildings to workers' cottages and contemporary apartments, and a busy mix of theatres, galleries, markets, cafes and restaurants makes the centre popular with families, students, creatives and professionals.

The suburb is home to 5,652 people with a median age of 43 and a median household income of $1,429 a week. Families make up the bulk of households and homes are more often owner-occupied than rented (54.4% owner-occupied). Recent public works have bolstered local health and education services with a larger clinical services campus, a La Trobe rural dentistry and oral health clinical school adjacent to the hospital, and new social housing in the city centre. Whether that mix suits you depends on what you’re looking for in a suburb.

Question 2

Is it expensive to live in Bendigo?

Accepted Answer

Buying a house in Bendigo 3550 at the median price of $647,000 works out to about 8.7 times a typical local annual household income as recorded at the most recent Census. The average house rent of $510 a week is about 35.7% of that typical weekly household income at the last Census, and the average unit rent of $450 a week is about 31.5%. Both rent shares are in the sizeable range against a typical local household's income at the last Census, while the house price at roughly 8.7 times annual income sits well above what a typical household earned then. For renters the weekly rent share is the most relevant figure; for buyers the price multiple is the key measure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Bendigo a good place to invest?

Accepted Answer

Over the past 12 months Bendigo shows a split between modest capital gains and stronger rent growth. Median house values edged up 1.6% while house rents rose a solid 6.2%, so on the houses side rental income increased more than property prices.

Units moved more strongly: median unit values climbed 10.5% and unit rents jumped 12.5%, both large rises over the year with rents growing slightly faster than values. If rental income matters to you, the figures show rents grew faster than values for both houses and units this year; if capital growth is your priority, unit values were the stronger performer. Whether that fits your goals depends on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$647K	N/A
Change in value Past 12 months	1.6%	10.5%
Sold Past 3 months	31	3
Median days on market Past 12 months	42	N/A
Average rent Past 12 months	$510	$450
Change in rent Past 12 months	6.3%	12.5%

Get a property report and suburb profile for any property in Bendigo

Bendigo suburb profile

Bendigo property market performance

5 year median price trend for houses and units

Bendigo demographics

Suburbs near Bendigo

How does Bendigo compare to nearby suburbs?

Choose the right real estate agents in Bendigo

Get a head start and compare top local agents in Bendigo

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market