Bendigo Rental Yields Hit 4.9%, Beating Victoria Average

Bendigo houses and units posted median gross rental yields of 4.9 percent for the three months to June, according to CoreLogic data released this week. The figure marks a 0.3 percentage point rise from the same period last year and places the regional city ahead of Melbourne's 3.7 percent average.

The result arrives as Victorian median house prices sit near $490,000 and investors weigh options outside capital-city markets. Remote workers and Melbourne commuters continue to drive demand for established homes in Flora Hill and Strathdale, where weekly rents have held firm despite national interest-rate shifts.

Suburbs and streets drawing investor attention

Properties along McIvor Road in Strathdale and sections of Napier Street in Flora Hill recorded the strongest yield performance in the latest quarter. Local agents note that two-bedroom units in these pockets leased within 12 days on average, supported by proximity to the Bendigo Railway Station and the Capital Theatre precinct that anchors the city's arts scene.

City of Greater Bendigo planning records show 47 new investor-owned units approved in Flora Hill since January, many earmarked for long-term rental rather than owner-occupier sale. The approvals align with council programs that fast-track developments within 800 metres of the station to ease commuter pressure.

Price points and yield calculations

A typical three-bedroom house in Strathdale changed hands for $485,000 in May and now returns $480 per week, producing the 4.9 percent gross yield cited in the CoreLogic report. Units purchased near $390,000 in Flora Hill are leasing at $390 weekly, matching the same return metric. Both figures use June 2026 rent data and exclude costs such as rates or maintenance.

Investors considering entry should review current listings on McIvor Road and cross-check rental demand near the Bendigo Art Gallery precinct before committing. Checking vacancy rates through local property managers remains the clearest next step for anyone targeting the 4.9 percent benchmark.