Bendigo Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q2 2025, Bendigo* recorded a median house price of $600,000 and a median unit price of $500,000. This represents an annual (Q2 2024 - Q2 2025) price growth of 6.2% for houses and 14.5% for units. Comparing Q2 2024 and Q2 2025, total sales surged by 48.6% (to 382 sales in Q2 2025) for houses and 30.4% (to 73 sales in Q2 2025) for units, indicating strong market demand that has created a buffer against higher interest rates. Unit prices have grown at a higher pace than house prices in the past 12 months, due to low house stock and buyers turning their attention to units. This is an ideal opportunity for homeowners to capitalize on their investments, especially with a low number of new stock planned in 2025.
CHANGE FROM LAST
YEAR
Bendigo£ plans to see approximately $454.2M of new projects commencing construction in 2025. Residential Commercial $71.6M
HALF YEAR
$64.8M Industrial
Mixed-Use
$43.0M
$120.9M
HOUSE SALE S
Infrastructure
HOUSE ME DIAN PRICE
$154.1M
HOUSE RE NTAL PRICE A main infrastructure project in 2025 is Derby Solar Farm ($100.0M), where the State Government plans to build a 95 MW solar farm for renewable energy supply. This will stimulate the local economy through new jobs.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q2 2025
$600K
$500K
MEDIAN PRICE Q2 2025
$500
SALES
AVERAGE DAYS ON MARKET Q2 2025
53
53
HOUSE
U N I T
RENTALS
$415
•
9, 31 & Walmer Street, Mccleans Road & Mannes Lane Residential (257 Lots + 6 Dwellings)
•
22 Chum Street Golden Square Fortuna Villa Precinct (24 Dwellings)
•
60 Race Street (9 Townhouses)
Although there are several residential projects on the cards, comparing it with the number of sales in Q2 2025; it is not enough. Further, this will take time to construct. Thus, the potential for an undersupply is high, which will continue to push up property prices.
AVERAGE DAYS ON MARKET Q2 2025
22
21
HOUSE
U N I T
30 Units/ Apartments
29 Townhouses
93 Dwellings
780 Lots