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Flora Hill suburb profile

Flora Hill is a charming suburb located in the city of Bendigo, Victoria, known for its peaceful residential environment and proximity to essential amenities. Situated just a few kilometers southeast of Bendigo's city center, Flora Hill offers a blend of suburban tranquility and urban convenience. The suburb is home to La Trobe University's Bendigo campus, attracting a vibrant student population and fostering a lively community atmosphere. With its leafy streets, local parks, and a range of housing options, Flora Hill appeals to families, students, and professionals seeking a balanced lifestyle. Its accessibility to public transport and local shopping centers enhances its appeal as a desirable place to live.

Flora Hill property market performance

Current median dwelling price$539,750Past 3 months

Property growth+12.0%Past 12 months

Flora Hill's property market has experienced notable growth over the past 12 months. House values have surged by 12.4%, with the median house price now at $630,000. Although the median unit price is not available, unit values have increased by 10.1%, indicating a positive trend in the unit market as well.

Sales activity has been moderate, with 19 houses and 7 units sold over the past 12 months. Properties are moving quickly, with houses spending a median of 21 days on the market and units just 17 days, reflecting strong demand in the area.

The rental market in Flora Hill has shown varied changes, with house rents increasing by 2.1% and unit rents rising significantly by 13.5% over the last 12 months. The average rent for houses is $480, while units average $420, highlighting a robust rental demand, particularly for units.

HousesUnits
Median price
Past 3 months
$633KN/A
Change in value
Past 12 months
12.1%12.0%
Sold
Past 3 months
196
Median days on market
Past 12 months
2112
Average rent
Past 12 months
$480$420
Change in rent
Past 12 months
2.1%11.1%

5 year median price trend for houses and units

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Flora Hill demographics

Flora Hill, located in the regional city of Bendigo, Victoria, is a suburb that offers a blend of suburban tranquility and proximity to urban amenities. With a population of 3,989 and a median age of 32, Flora Hill is home to a youthful and dynamic community. The suburb's proximity to La Trobe University Bendigo campus makes it an attractive location for students and young professionals seeking a balance between study, work, and leisure.

The housing landscape in Flora Hill is diverse, with a significant portion of properties being rented, accounting for 51.2% of the housing market. This high rental rate is indicative of the suburb's appeal to students and transient professionals who value flexibility. Meanwhile, 23.6% of properties are owned outright, and 25.2% are owned with a mortgage, reflecting a stable base of long-term residents and new homeowners.

Family structures in Flora Hill are varied, with couple families with children making up 34.3% of the population, closely followed by couple families without children at 33.3%. One-parent families also form a significant part of the community, comprising 29.5% of families. This diversity in family types contributes to a rich community fabric, supported by local schools, parks, and community facilities. Flora Hill's blend of educational opportunities, rental flexibility, and family-friendly amenities makes it a desirable suburb for a wide range of residents.

Suburbs near Flora Hill

Some popular suburbs near Flora Hill include:

  • Kennington: Known for its convenient shopping facilities and family-friendly parks, Kennington is located directly north of Flora Hill.
  • Quarry Hill: Featuring charming heritage homes and a strong community vibe, Quarry Hill is situated to the west of Flora Hill.
  • Spring Gully: Renowned for its natural bushland and recreational trails, Spring Gully lies to the southwest of Flora Hill.
  • Strathdale: Offering a mix of modern amenities and green spaces, Strathdale is located to the northeast of Flora Hill.
  • Bendigo: Known for its rich history and vibrant arts scene, Bendigo is situated to the northwest of Flora Hill.

How does Flora Hill compare to nearby suburbs?

  • Median house prices: Flora Hill’s median house price is 1.5% higher than Quarry Hill’s.
  • Median unit prices: Flora Hill’s median unit price is 1.6% higher than Kennington’s.
  • House price growth: Over the past 12 months, house prices in Flora Hill have grown 2.5% higher than in Kennington.
  • Unit price growth: Over the past 12 months, unit prices in Flora Hill have grown 5.1% higher than in Kennington.
  • Selling speed for houses: Properties in Flora Hill are selling 16.0% faster than in Kennington.
  • Selling speed for units: Properties in Flora Hill are selling 29.4% faster than in Kennington.

Choose the right real estate agents in Flora Hill

Choosing the right real estate agent in Flora Hill can have a big impact on your sale. While there are 58 real estate agents working in the suburb, but just 5 of them were responsible for 22.2% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3.13%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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