Sales continue at record values
over 2 years ago
Sales continue at record values

Greater Bendigo continued its run of unprecedented growth in house prices in 2021. We look at the latest REIV data to reveal the rate of growth and our outlook for 2022.

Greater Bendigo Region median house sales prices saw a further rise of 6.5% during the December quarter, outpacing Regional Victoria’s 3.7% quarterly growth. The median sale price for Greater Bendigo rose to $525,000. 

Throughout the course of 2021, the annual median sales prices rose by a further 23.5% in Bendigo. The price growth has been driven by a continuation of two main factors; the scarcity of available properties and ongoing demand from a number of buyer groups. Residential investors are seeing continued value in the local market and remain active across higher price ranges than seen in the past.   

The forecast remains optimistic for prices in our Region, with large infrastructure investments and employment opportunities supporting a higher-than-projected population growth.