Older period homes in vogue in Bendigo residential market: HTW
The Bendigo residential market continues growing steadily across most segments.
This growth comes on the back of growth in population and low interest rates, according to the June report published by the valuation firm Herron Todd White.
Recently sold for $1,110,000. https://www.realestate.com.au/sold/property-house-vic-brunswick+west-128385470 (link to sale)
Established properties in central locations are seeing strong demand with older period style homes (one pictured above) currently being "in vogue".
The report found that, house and land packages on the city fringe have slowed on the back of increased supply.
The surrounding rural residential/lifestyle market is considered stable with steady demand and supply at present.
Local selling agents are reporting a shortage of stock
across all segments which is to be expected in the winter season, the report noted.
Many small to medium-sized developers are active, putting units and townhouses to the market with success.
This is predominantly within the central suburbs of Bendigo on infill sites and marketed to both investors and first home buyers.
Yields across Bendigo are generally slightly lower than that of other regional cities however the stable market conditions still attract investors.
The valuation firm's forecast for the Bendigo residential market is one of steady growth.
Many people will be following the RBA’s decision on interests rates as this has the potential to reduce demand on a macro level.
