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North Bendigo vs Stoneleigh

Property investment comparison - North Bendigo, VIC 3550 vs Stoneleigh, VIC 3373

Head-to-head across core investment metrics: North Bendigo wins 1, Stoneleigh wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricNorth BendigoStoneleigh
Median house price$575K$570K
Median unit price$465K-
Gross rental yield (houses)4.55%3.59%
Gross rental yield (units)5.24%-
1-year house growth+12.5%-
3-year house growth+11.2%-
Vacancy rate1.8%0.8%
Population4,27745

North Bendigo vs Stoneleigh: what the numbers say

The median house price is $575K in North Bendigo and $570K in Stoneleigh, so Stoneleigh is the cheaper entry point, with North Bendigo houses about 1% dearer.

On cash flow, North Bendigo leads: houses there return a gross rental yield of 4.55%, compared with 3.59% in Stoneleigh, a gap of 0.96 percentage points.

Rental vacancy is 0.8% in Stoneleigh and 1.8% in North Bendigo, so landlords in Stoneleigh face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Bendigo is the bigger suburb, with a population of 4,277 against 45, roughly 95 times the size of Stoneleigh; a larger suburb usually means a deeper pool of buyers and tenants.

In short: North Bendigo for rental income, Stoneleigh for a lower purchase price, Stoneleigh for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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