Why Bendigo is Quietly Becoming a Smart Property Investment Choice?
- oakphyokhant
- 14 minutes ago
- 3 min read
In recent years, Bendigo has stepped into the spotlight as one of regional Victoria’s most promising property markets. As investors look beyond Melbourne’s borders for value, Bendigo offers a compelling mix of lifestyle, affordability, and long-term growth potential.
Here’s why it deserves a closer look and how to approach it with a smart investment strategy.
Why Invest in Bendigo? A Regional Gem with City Convenience
Bendigo, the third-largest city in Victoria, blends history and modern living seamlessly. Its gold rush heritage is visible in the grand 19th-century architecture, but the city today is far from stuck in the past.
Residents enjoy vibrant arts and cultural scenes, buzzing cafes, lush parks, and excellent schools. Landmarks like the Bendigo Art Gallery and Central Deborah Gold Mine add to its unique charm. With a strong community feel and plenty of amenities, Bendigo offers a high quality of life that attracts both families and professionals.
Bendigo Property Market by the Numbers: What Investors Should Know
Median House Price: $731,690
Median Weekly Rent: $428
Gross Rental Yield: 3.04% (a healthy return above the 3% benchmark)
Vacancy Rate: Just 0.8% – showing strong rental demand
Inventory Level: 1.33 months – a tight supply environment that supports property values
Stock on Market: Low at 0.24% – properties don’t flood the market
Units to Houses Ratio: Only 8% of dwellings are units – meaning more standalone homes with land
Socioeconomic Score (IRSAD): 982 – well above average, indicating a stable, advantaged community
Days on Market: 57 days – properties take a bit of time to sell, requiring a patient investment approach
Affordability Index: 35 years – ownership is stretching longer, which may limit first-home buyers but strengthens rental demand
Our Property Investment Strategy for Bendigo
At Affluence Property Group, we see Bendigo as a long-term, fundamentals-driven investment play. Here’s how we recommend approaching it:
1. Stick to Well-Presented Houses
Bendigo’s market is dominated by standalone homes, which tend to attract families and professionals. These properties offer stronger capital growth prospects than units and appeal to a wider tenant base.
2. Buy and Hold for Steady Returns
While short-term flips may face challenges due to longer selling times (94 days on average), a buy-and-hold strategy benefits from strong rental demand and low vacancy. Investors can count on consistent rental income while property values grow steadily over time.
3. Keep an Eye on Property Market Signals
Monitor metrics like days on market, new building approvals (currently at a stable 0.32%), and inventory changes to identify shifts in demand or supply. These insights help you time your purchase and maximise returns.
4. Focus on Family-Friendly Property Appeal
With affordability pressures limiting entry-level buyer activity, target tenants like established families or professionals. Look for properties near schools, parks, or hospitals—areas with consistent rental demand.
5. Be Flexible with Your Investment Timeline
Bendigo isn’t a “quick turnover” market. Investors should come in with a 7 to 10+ year mindset and a buffer in place for slower periods of resale or leasing.
Final Thought
Bendigo is not just a lifestyle destination—it’s a strategic long-term play for savvy investors who value stability and steady growth. At Affluence Property Group, we specialise in helping our clients find these kinds of hidden gems and develop property strategies that deliver real wealth outcomes.
Looking to explore Bendigo or other regional hotspots?
Contact us today for a tailored consultation and start your investment journey with clarity and confidence.
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