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West Bendigo, VIC 3550
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$700,000
list-price estimate
Median Unit
$470,000
list-price estimate
Gross Yield (houses)
3.1%
1yr Growth
-
Investment snapshot for West Bendigo
West Bendigo has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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West Bendigo market and investor summary
In West Bendigo, VIC 3550, houses show a gross rental yield of 3.1%. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in West Bendigo: people, income and schools
West Bendigo has a resident population of roughly 378, a number that has held fairly steady over five years. The median age is 43, skewed a little older, and 71% of homes are owner-occupied.
Households here earn a median of about $70,000 a year, or roughly $1,340 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
There are 33 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 6 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 378
- -0% over 5yr
- Median age
- 43 years
- Median household income
- $70,000/yr
- Households renting
- 24%
- Family households
- 64%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 33
- avg ICSEA 951
- Unemployment
- 4.7%
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in West Bendigo
No properties currently listed in West Bendigo
Search West Bendigo listings →Frequently asked questions about West Bendigo
What should I check before investing in West Bendigo?
West Bendigo has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.9% gives a usable rent-to-price starting point. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does West Bendigo show?
The gross rental yield in West Bendigo is 3.1% for houses and 4.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in West Bendigo?
The current vacancy rate in West Bendigo is 1.5%. 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 West Bendigo?
West Bendigo has a population of approximately 378 residents, with a median age of 43.
What schools are near West Bendigo?
There are 33 schools within roughly 5km of West 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 West Bendigo's population growing?
The population of West 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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