Bendigo Property Market Shifts: Latest Sales Data Reveals New Trends

Bendigo's median house price has dipped to $475,000, a 3.3% decrease from the same time last year, according to recent data from the Real Estate Institute of Victoria.

This decline is significant, particularly in the context of the current economic climate, where interest rates and cost of living pressures are influencing buyer behaviour. The trend is not unique to Bendigo, with other regional cities in Victoria experiencing similar fluctuations. However, the city's unique blend of arts and culture, coupled with its growing popularity among remote workers and Melbourne commuters, makes its property market worthy of close attention.

In areas like Flora Hill and Strathdale, which have traditionally been popular among families and first-home buyers, there are signs of increased buyer activity. The Bendigo Art Gallery, a major cultural drawcard, and the nearby Lake Weeroona, a popular recreational spot, are just a few examples of the amenities that make these suburbs attractive. Organisations like the City of Greater Bendigo and the Bendigo Regional Chamber of Commerce are also working to promote the city's lifestyle and economic benefits, which could help to bolster the property market in the long term.

A closer look at the data reveals that the average days on market for properties in Bendigo has increased to 45 days, up from 32 days in June 2025. Meanwhile, the auction clearance rate has dropped to 55%, down from 70% in the same period last year. Specifically, in the week ending June 27, 2026, only 12 out of 22 scheduled auctions resulted in a sale, with properties like 14 Nolan Street in White Hills and 32 Oak Street in Golden Square failing to attract a buyer. The median house price in Bendigo has also been affected, with the June 2026 figure of $475,000 representing a decrease of $16,000 from the March 2026 quarter.

Market Outlook

As the property market in Bendigo continues to evolve, buyers and sellers alike are advised to stay informed about the latest trends and developments. With interest rates expected to remain steady in the coming months, buyers may be able to negotiate better prices, particularly for properties that have been on the market for an extended period. Sellers, on the other hand, should be prepared to be flexible with their pricing and to present their properties in the best possible light to attract potential buyers. The City of Greater Bendigo's initiatives to promote the city's lifestyle and economic benefits, such as the $30 million redevelopment of the Bendigo Railway Station, may also help to stimulate the property market in the coming months.