Bendigo Market Update 2 nd H a l f 2 0 2 6
OVERVIEW
In Q2 2026, Bendigo* recorded a median house price of $670,000 and a median unit price of $497,500. This is an annual (Q2 2025 – Q2 2026) price growth of 10.7% for houses. During this time house sales declined by -21.9% for houses (to 420 sales in Q2 2026), which confirms a clear undersupply in the house market. This resulted in house price growth despite multiple cash rate hikes in 2026. Thus, now remain an ideal time for house owners to capitalize on their investments. In the same timeframe, the unit market saw a slight softening in median price, of -3.4%, whilst unit sales declined by -10.2% for units (to 88 sales in Q2 2026). There is a more affordable unit market in Q2 2026, creating a unique opportunity for first home buyers.
CHANGE FROM LAST
YEAR
FUTURE DEVELOPMENTS** Bendigo£ plans to see approximately $329.2M of new projects commencing construction in 2026. Residential $51.8M Mixed-Use
HALF YEAR
$29.9M
HOUSE SALE S
Commercial $64.8M Industrial $11.8M
Infrastructure
HOUSE ME DIAN PRICE
$171.0M
HOUSE RE NTAL PRICE The 2026 pipeline is concentrated on more infrastructure projects, which are expected to improve liveability, attract new residents, and support housing demand. A key infrastructure project in 2026 is the South Energy Raywood Solar Farm ($300.0M, State Government), which will deliver up to 200 MW of clean energy, enough to power approx. 71,500 households.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$
Key residential projects include:
MARKET CONDITIONS MEDIAN PRICE Q2 2026
$670K
$498K
MEDIAN PRICE Q2 2026
$530
SALES
AVERAGE DAYS ON MARKET Q2 2026
49
48
HOUSE
U N I T
RENTALS
$440
•
Jobs Gully Road (27 Dwellings)
•
2 Osborne Street Residential Subdivision (171 Lots )
While several new ready-to-sell stock are planned; this remains insufficient compared with the 1,683 houses sold in 2025. Therefore, the current housing undersupply is expected to worsen, which will push up property prices.
AVERAGE DAYS ON MARKET Q2 2026
20
19
HOUSE
U N I T
110 Units/ Apartments
13 Townhouses
91 Dwellings
308 Lots