Bendigo Market Update 1st Half 2026
HOUSE SALES YEAR HALF YEAR CHANGE FROM LAST
HOUSE MEDIAN PRICE
HOUSE RENTAL PRICE
SALES
In Q4 2025, Bendigo* recorded a median house price of $610,000and a median unit price of $475,000. This represents anannual (Q4 2024 - Q4 2025)price growth of 5.2%for houses and 8.0% for units. Comparing Q4 2024and Q4 2025,total sales increased by 14.1% (to 412sales in Q4 2025) for houses, reflecting a highly demanded housing market By contrast, unit sales declined by -19.4% (to 79sales in Q4 2025), indicating an undersupplied unit market. Combined with lower interest rates, this has stimulated house and unit price growth Now is an ideal time forowners to capitalize on their investments. There are several residential projects planned; however, this will take time to build. Thus,buyers must actfast. 39 $610K $475K
MEDIAN PRICE Q4 2025 MEDIAN PRICE Q4 2025
AVERAGE DAYS ON MARKET Q4 2025
Bendigo£ plans tosee approximately $1.2Bnofnewprojectscommencing constructionin2026
AVERAGE DAYS ON MARKET Q4 2025
A main infrastructure project in 2026 is the SouthEnergy Raywood Solar Farm ($300.0M), delivering up to 200MWof clean energy and powering approx. 71,500homes. A focus on infrastructure projects will improve liveability and can attract more people to the area.
Key residential projects include:
• 387High Street & Haase Rd (55 Units)
• 190-194 Retreat Road (41 Dwellings)
• 46-48 Old Violet Street Townhouses (8 Townhouses)
While several ready-to-sell stock are on the cards, comparing it with the number of sales in Q4 2025(412houses); it is not enough. Further, land lots will take time to develop. Thus an undersupply is highly likely, which will continue to push up property prices in the short-term.
AVERAGE VENDOR DISCOUNT*
Average vendor discount reflects the average percentage difference between the first list price and final sold price. A lower percentage difference (closer to 0.0%) suggests that buyers are willing to purchase close to the first asking price of a property.
Average vendor discounts between Q4 2024 and Q4 2025 have tightened to-2.4% for houses and -0.6% for units. Market conditions in Bendigo* still favours buyers, where owners are willing to accept below the first list price. That said, average vendor discount is close to 0, with Q4 2025 being the tightest. This suggest a shift towards a seller’s market. With little new stock planned, buyers must act fast.
The suburb of Bendigo has historically outperformed the wider Bendigo Local Government Area (LGA) in house and unit prices, except in 2023 (most likely as an immediate reaction to cash rate hikes in 2022). 2025 continuesto see Bendigo suburb’s median house price returning to its pre2022cash rate hikes pattern, of above the LGA price.
The dominant proportion of homes sold in Bendigo* in 2025 were in the more affordable price bracket of $550,000 and $649,999(32.7%). Most of the units sold (34.9%) were in the middle-price bracket of $400,000and $499,999. This is good news forfirst home buyers. The premium price point have expanded, with 20.4%of houses sold above$750,000 and 20.5% of units sold above $600,000.This isbeneficial to homeowners. Overall, there is a home for all budgets.
MARKET COMPARISON
Bendigo (3550) House
City Of Greater Bendigo House Bendigo (3550) Unit
City Of Greater Bendigo Unit
The market comparison graph provides a comparative trend for median price of houses and units over the past 5 years. The main LGA chosen was based on their proximity to the main suburb analysed, which is Bendigo.
PRICE BREAKDOWN 2025
than $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 and above
RENTAL GROWTH 2025€
House rental yields in Bendigo¥ was 3.9% as ofDecember 2025, higher than the City of Greater Bendigo (3.4%) and Melbourne Metro (3.0%). This is paired with a 5.7% growth inmedian house rental price in the past 12months to Q4 2025,at $460per week, along with a -5.8% decline in the number of houses rented (to 660 rentals in Q4 2025). This indicates an undersupplied and competitive house rental market in Bendigo¥, which is beneficial to investors.
3+ bedroom houses have provided investors with +5.0% rental growth annually, achieving a median rent of $420per week.
Bendigo¥ recorded a vacancy rate of 1.8% in December 2025,lower than Melbourne Metro’s 2.0%. Vacancy rates have remained stable in the past 12 months, indicating a resilient rental market. Further, a 1.8%vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, thus there is quicker occupancy of rental homes in Bendigo¥. This creates a conducive environment forinvestors, even with a higher median house and unit sales price (thus entry price) in the past 12months in Q4 2025.
RENTAL VACANCY RATES 2025
Bendigo (3550) City Of Greater Bendigo Melbourne Metro REIA 'Healthy' Benchmark
Bendigo¥
PROJECT DEVELOPMENT MAP 2026
BENDIGO
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REFERENCES
* Bendigo sales market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bendigo, Golden Square, Kangaroo Flat, Quarry Hill, Flora Hill, Kennington, Strathdale, Strathfieldsaye, Epsom, White Hills, and Huntly.
** Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value.
# 2025 encapsulates sales transactions for the full year 2025 (01/01/2025 – 31/12/2025).
€ Annual rental growth is a comparison between Q4 2024 (01/10/2024 – 31/12/2024) and Q4 2025 (01/10/2025 – 31/12/2025) house median rent figures.
¥ Bendigo rental market data encapsulates aggregate property conditions within the postcode of 3550, 3551, 3555 and 3556
§ Rental yields shown are as reported as of December 2025.
₳ Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
£ Projects refers to the top developments within the Greater Bendigo Local Government Area.
µ Estimated value is the value of construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.
ψ Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRD does not hold any liability to the exact date.
Source: APM Pricefinder, Cordell Connect database, SQM Research, Esri ArcGIS.
Disclaimer: PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material.
Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2026.
