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Quarry Hill suburb profile

Quarry Hill is a charming suburb located just south of Bendigo's city centre in Victoria, known for its historic character and leafy streets. This suburb offers a peaceful residential environment with a mix of period homes and modern developments, attracting families and professionals alike. Quarry Hill is well-regarded for its community spirit, with local parks, schools, and amenities contributing to its appeal. Its proximity to Bendigo's vibrant cultural and commercial hubs ensures residents enjoy both tranquility and convenience. The suburb's rich history and welcoming atmosphere make it a desirable place to live.

Quarry Hill property market performance

Quarry Hill's property market has shown modest growth over the past 12 months, with house values increasing by 3.0%, bringing the median house price to $585,000. The unit market remains stagnant with no change in median value, reflecting limited activity in this segment.

Sales activity has been relatively low, with 17 houses and just 1 unit sold in the past 12 months. Houses are selling at a steady pace, with a median of 36 days on the market, while the unit market lacks sufficient data to determine trends.

The rental market in Quarry Hill has experienced moderate growth, with house rents increasing by 6.7% and unit rents by 6.8% over the last 12 months, indicating a consistent demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$585KN/A
Change in value
Past 12 months
3.0%N/A
Sold
Past 3 months
171
Median days on market
Past 12 months
36N/A
Average rent
Past 12 months
$480$390
Change in rent
Past 12 months
6.7%6.8%

5 year median price trend for houses and units

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Quarry Hill demographics

Quarry Hill, located in the regional city of Bendigo, Victoria, is a charming suburb known for its historical significance and community-oriented lifestyle. With a population of 2,365, it offers a peaceful environment that appeals to families and retirees alike. The median age of 40 suggests a mature community, with a balanced mix of working professionals and families who appreciate the suburb's serene atmosphere and proximity to Bendigo's amenities.

Housing in Quarry Hill is characterized by a blend of ownership and rental options. Approximately 34% of properties are owned outright, reflecting a stable community with long-term residents. Meanwhile, 29.8% of homes are owned with a mortgage, indicating a healthy influx of new homeowners. The rental market, comprising 36.2% of properties, provides flexibility for those not ready to commit to homeownership, including young families and professionals.

Family dynamics in Quarry Hill are diverse, with couple families with children making up 38.5% of the population, while couple families without children account for 41%. This balance highlights the suburb's appeal to both growing families and those enjoying a quieter lifestyle. One-parent families represent 19% of the community, adding to the suburb's inclusive and supportive environment. Quarry Hill's blend of historical charm, community spirit, and convenient location makes it a desirable place to call home.

Quarry Hill infrastructure, key developments and investment opportunities

Quarry Hill benefits from its close proximity to Bendigo’s CBD, giving residents easy access to major employment centres, healthcare, retail, and entertainment, which supports ongoing property demand. Local education is anchored by Quarry Hill Primary School, a well-established campus that has seen incremental upgrades over time, adding to the suburb’s appeal for young families and underpinning demand for family homes.[3][7] The suburb’s tree-lined streets, established parks, and walkable access to nearby sporting and community facilities further enhance livability and lifestyle appeal for both owner-occupiers and renters.[3]

Quarry Hill also benefits indirectly from wider Bendigo infrastructure investment, including ongoing enhancements to roads, public transport links, and civic amenities in and around the city centre, improving connectivity for local residents.[3][5] There are currently no widely publicised, large-scale new infrastructure or redevelopment projects specific to Quarry Hill that are expected to materially reshape the suburb in the near term, meaning market performance is likely to remain driven by its established character, location advantages, and gradual infill development rather than major precinct transformations.

Quarry Hill rental market trends

The rental market in Quarry Hill has experienced moderate growth, with house rents increasing by 6.7% over the past year to $480 per week, while unit rents have risen by 6.8% to $390 per week. This steady growth reflects the suburb's appeal, offering a balanced mix of affordability and convenience for both renters and investors.

Suburbs near Quarry Hill

Some popular suburbs near Quarry Hill include:

  • Flora Hill: Known for its educational institutions and green spaces, Flora Hill is located directly east of Quarry Hill.
  • Spring Gully: Offering a blend of natural beauty and residential areas, Spring Gully is situated to the south of Quarry Hill.
  • Golden Gully: Known for its historical significance and quiet residential streets, Golden Gully lies to the southwest of Quarry Hill.
  • Bendigo: A vibrant regional city with rich history and cultural attractions, Bendigo is located directly north of Quarry Hill.
  • Kennington: Featuring a mix of shopping and residential areas with excellent amenities, Kennington is situated to the northeast of Quarry Hill.

How does Quarry Hill compare to nearby suburbs?

  • Median house prices: Quarry Hill’s median house price is 7.1% lower than Flora Hill’s.
  • House price growth: Property prices in nearby Flora Hill have risen 9.4% more than in Quarry Hill over the past year.
  • Selling speed for houses: Properties in Quarry Hill are selling 20.0% faster than in Bendigo.

Common questions about Quarry Hill

  • Is Quarry Hill a nice place to live?

    Quarry Hill is a delightful suburb that offers a harmonious blend of historical charm and modern convenience, making it a wonderful place to live. Nestled just south of Bendigo's city centre, it provides a peaceful residential environment that is perfect for families and professionals seeking a serene lifestyle. The suburb is known for its leafy streets and period homes, which add to its picturesque appeal. Quarry Hill's strong community spirit is evident in its well-maintained parks and local amenities, which contribute to a welcoming and friendly atmosphere.

    Families will find Quarry Hill particularly appealing due to its proximity to quality schools and the abundance of green spaces for children to play and explore. The suburb's location offers the best of both worlds, with easy access to Bendigo's vibrant cultural and commercial hubs, ensuring that residents can enjoy the tranquility of suburban life without sacrificing the convenience of city amenities. Safety is generally not a major concern, making it an ideal place for families to settle down.

    While Quarry Hill offers a charming and peaceful lifestyle, it does come with a few trade-offs. The suburb's established character means that there are fewer large-scale infrastructure projects on the horizon, which could limit rapid growth or transformation. However, this also means that Quarry Hill retains its unique charm and community-oriented lifestyle, which many residents cherish. Overall, Quarry Hill is a fantastic place to live for those who appreciate a blend of history, community, and convenience.

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  • Is it expensive to live in Quarry Hill?

    Living in Quarry Hill, a suburb near Bendigo, offers a relatively affordable lifestyle compared to many other parts of Victoria. The median house price is currently $585,000, which is quite reasonable when compared to the soaring property prices in larger cities like Melbourne. However, it's important to note that there are no unit prices available, suggesting that housing options might be limited to houses rather than apartments.

    When it comes to renting, Quarry Hill also presents a more affordable option. The average rent for houses is $480 per week, while units, albeit limited, average around $390 per week. These rental prices are manageable, especially when you consider the median weekly household income in Quarry Hill is $1,648, translating to about $85,000 annually. This income level is quite healthy for the area, providing residents with a comfortable living standard.

    Overall, Quarry Hill strikes a balance between affordability and quality of life, making it an attractive option for those looking to settle near Bendigo. With a reasonable cost of living and a decent median household income, it offers a financially viable option for individuals and families alike.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Quarry Hill a good place to invest?

    Quarry Hill presents a promising opportunity for property investors, particularly those interested in rental income. Over the past 12 months, the suburb has seen a modest increase in median house values by 3.0%, indicating steady growth. While unit values have remained stable, the rental market tells a different story. Both houses and units have experienced significant rental growth, with increases of 6.7% and 6.8% respectively. This suggests a strong demand for rental properties, making Quarry Hill an attractive option for investors seeking reliable rental returns.

    The suburb's appeal lies in its balance of growth and stability. While the capital growth in property values might not be skyrocketing, the consistent rise in rental prices highlights Quarry Hill's potential for generating steady income. This is particularly appealing for investors looking for a low-risk, long-term investment strategy. The combination of stable property values and increasing rental demand makes Quarry Hill a solid choice for those aiming to build a resilient investment portfolio.

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Choose the right real estate agents in Quarry Hill

In Quarry Hill ,42 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 27.1% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 3.13%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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