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Bendigo, VIC 3550
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$650,000
market range $600K-$775K
Median Unit
$485,000
market range $450K-$625K
Gross Yield (houses)
4.1%
1yr Growth (houses)
+6.7%
market range +2.5% to +15.0%
Investment snapshot for Bendigo
Bendigo has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bendigo market and investor summary
In Bendigo, VIC 3550, the median house sells for around $650K, on a gross rental yield of 4.1% for houses. House prices have moved +6.7% over the past year. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet.
Living in Bendigo: people, income and schools
About 5,652 people live in Bendigo, a number that has held fairly steady over five years. At a median age of 43, it reads as skewed a little older, and families account for 56% of households.
The typical household income runs to around $74,000 a year (about $1,430 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to about 8.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
Families have 32 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Some errands can be done on foot, though a car still helps; the suburb scores 68 for walkability and 38 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 5,652
- -0% over 5yr
- Median age
- 43 years
- Median household income
- $74,000/yr
- Households renting
- 45%
- Family households
- 56%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 32
- avg ICSEA 1002
- Unemployment
- 4.7%
- Walk score
- 68/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bendigo
View all →Frequently asked questions about Bendigo
What should I check before investing in Bendigo?
Bendigo has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.1% gives a usable rent-to-price starting point. Capital growth of +6.7% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bendigo?
The median property price in Bendigo, VIC 3550 is $650K for houses and $485K for units.
What rental yield does Bendigo show?
The gross rental yield in Bendigo is 4.1% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Bendigo?
House prices in Bendigo are up 6.7% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Bendigo?
The current vacancy rate in Bendigo is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Bendigo?
Bendigo has a population of approximately 5,652 residents, with a median age of 43.
What schools are near Bendigo?
There are 32 schools within roughly 5km of Bendigo. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Bendigo affordable to buy in?
A median house in Bendigo costs about 8.7 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Bendigo's population growing?
The population of Bendigo has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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