New development projects and what they mean for the area

Bendigo City Council granted planning approval on 2 July for a 120-unit apartment and retail complex at the corner of View Street and High Street, with construction slated to begin in October 2026.

Why approvals land now

Median house prices across greater Bendigo sit near $490,000, yet demand from Melbourne commuters and remote workers continues to push listings in established pockets like Flora Hill and Strathdale. The new View Street project adds 85 one- and two-bedroom dwellings plus ground-floor shops, a direct response to the 18 percent rise in rental inquiries recorded by local agents between January and June this year.

Flora Hill residents have already seen two smaller townhouse clusters completed along Somerville Street this year, while Strathdale’s Hargreaves Street corridor is set to gain a 45-lot subdivision approved in March. Both projects sit within a short drive of the Bendigo Art Gallery and the new Railway Station precinct redevelopment, areas that attract the same interstate buyers now eyeing the View Street site.

Numbers behind the pipeline

CoreLogic data released last month showed Strathdale median prices reached $535,000 in the June quarter, up $28,000 from the same period in 2025. The View Street development is expected to deliver units priced from $385,000 to $520,000, figures that sit below current Flora Hill medians and could ease pressure on entry-level stock. Settlement for the first stage is listed for mid-2028.

Buyers should monitor the council’s online planning portal for updated traffic and parking reports on the View Street site, and contact local agents for off-market opportunities in Strathdale before the next price adjustment cycle.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.