Question 1

Is North Bendigo a nice place to live?

Accepted Answer

North Bendigo sits just north of Bendigo's centre and reads as an established, working suburb with period weatherboard and brick cottages, mid-century bungalows and pockets of newer infill. Streets are generally lined with mature trees and many neighbourhoods back onto parks and creek-side trails along the Bendigo Creek, giving a green suburban feel. The suburb is home to 4,277 people with a median age of 37 and a median household income of $1,281 a week. Families are prominent — the two couple-family categories together make up about 72.2% of families — and just over half of homes are owner-occupied while renters account for 46.5%.

Everyday shops, schools and sporting ovals are close at hand, and recent council and city projects are improving recreation and creek-side active transport. The North Bendigo Recreation Reserve at Shadforth Park is being redeveloped with a new pavilion and change rooms, the hospital precinct has added a day rehabilitation centre and new green open space, and Bendigo Community Health Services keeps a local site on Holdsworth Road. For people seeking practical, quietly lived-in regional living close to the city's services, North Bendigo is an established option; whether it suits you depends on what you need.

Question 2

Is it expensive to live in North Bendigo?

Accepted Answer

Buying a house in North Bendigo sits at about 8.5 times a typical local household's annual income as recorded at the last Census, based on the median house price of $565,000 and a weekly household income of $1,281. Rents run to about $500 a week for houses and $440 a week for units, which would take roughly 39.0% and 34.3% respectively of that typical local weekly household income — both are sizeable shares of income, so renting looks less stretched against local incomes than buying on these figures.

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 North Bendigo a good place to invest?

Accepted Answer

A strong 15.0% rise in house values is the headline from North Bendigo over the past 12 months. On the value side houses climbed sharply while units recorded a solid 5.0% gain. Rented properties also moved higher: house rents rose a solid 6.4% and unit rents increased a modest 4.8%. Overall the house side was the stronger performer this year, both for capital growth and for rental income compared with units. Which of those outcomes matters most will depend on whether you care more about price growth or rental income when weighing an investment in North Bendigo.

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	$565K	N/A
Change in value Past 12 months	15.0%	5.0%
Sold Past 3 months	25	2
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	$500	$440
Change in rent Past 12 months	6.4%	4.8%

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