Bendigo CBD VIC Property Investment

THE MARKET

Median house price in Bendigo Cbd sits at $503,849 with 65 days on market and a 1.8% vacancy rate. This is a tight rental market right now.

- **Median house:** $503,849 | **Units:** $281,620 - **Gross yield:** 4.1% | **Net yield:** 2.6% - **Vacancy:** 1.8% (worsening) | **Rental demand:** High - **5yr price growth:** -3.5%/yr | **3yr forecast:** -4.0%/yr - **Days on market:** 65 (worsening)

STR potential: $175/night at 66% occupancy = ~$42,158/yr gross. That's a **103% premium** over long-term rent — but factor in higher management costs and council rules.

BULL CASE

If Bendigo Cbd maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $579,426 within 3 years with yields compressing slightly as capital values rise.

Notable infrastructure: **Bendigo Art Gallery Redevelopment** (under construction). Plus 3 more projects in the pipeline.

BEAR CASE

A market correction or interest rate shock could see prices in Bendigo Cbd pull back 10-15% from $503,849, with vacancy rising to 3.2% and rental yields softening as tenants gain leverage.

WHAT TO DO

Bendigo Cbd offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.6%.

- Entry range: $453,464 – $554,234 - Minimum yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.