Bendigo Real Estate

Bendigo real estate is increasingly popular with a train journey to Melbourne taking
as little as 1hr and 24 mins. By road the journey is 149 kms. It is increasingly a
favourable option as residential property prices in Melbourne become less attainable.

Bendigo is a major regional centre in Victoria Australia which takes in the towns and
rural areas of the Loddon region. Historically a manufacturing region the rural city
has grown to a population of approximately 97,000 with strong real estate, health,
education, and retail sectors.

Bendigo real estate remains affordable when compared to other Victorian centres with
a median house price of $225,000. The 12 month trend to January 2008 showed an
11.6% increase in prices, 43% Auction clearance rate and average 93 days on the
market for private sales.

While the capital growth in Bendigo Real Estate is still favourable, figures from the
Valuer General Victoria would indicate it to have slowed in recent years. Those
figures show median house prices in 2002 at $147,000 (2262 sales); 2003 at $180,000
(2140 sales); 2004 at $198,000 (2008 sales); 2005 at $207,000 (1915 sales) and in
2006 at $213,500 (700 sales). Buyers should be aware that these prices are median
prices only. Bendigo properties currently range in price from around $50,000 for a
small development block to upwards of $1,000,000 for some of the more sought after
and grand historic properties.

Bendigo Rental prices begin around $160 per week for a three bedroom house up to
$500 for some of the commercial rentals listed and available in January 2008.

There are number of Bendigo Real Estate agents who deal in residential, commercial,
businesses, rentals and vacant land sales. Some of these include the aptly named
Bendigo Real Estate; Darryn Mawby and Associates; Doug Lougoon for Real Estate;
Dungey Carter Ketterer; Elders Bendigo, Ellis Nuttall Real Estate; Jens Gaunt Real
Estate Bendigo; Ken Preston Real Estate Pty Ltd, LJ Hooker Bendigo; PHP Property;
RE MAX Gold Real Estate – Bendigo; ResCom Bendigo; Tony Harrington Estate
Agents; Trevor Andrew Real Estate Pty Ltd; Goldfields Real Estate Bendigo,
Stockdale and Leggo Bendigo and Elise Chapman Real Estate

The Bendigo Real Estate Agents listed above are all located within the City of Greater
Bendigo which takes in the suburbs and districts of Ascot, Avonmore, Axedale, Axe
Creek, Bagshot, Bagshot North, Barnadown, Bendigo, Big Hill, California Gully,
Costerfield, Derrinal, Drummartin, Eaglehawk, Eaglehawk North, East Bendigo,
Elmore, Emu Creek, Eppalock, Epsom, Flora Hill, Fosterville, Golden Gully, Golden
Square, Goornong, Harcourt North, Heathcote, Hunter, Huntly, Huntly North,
Ironbark, Jackass Flat, Junortoun, Kamarooka, Kangaroo Flat, Kennington,
Kimbolton, Knowsley, Lake Eppalock, Leichardt, Lockwood, Lockwood South, Long
Gully, Longlea, Lyell, Maiden Gully, Mandurang, Mandurang South, Marong, Mia
Mia, Mt Camel, Myers Flat, Myrtle Creek, Neilborough, North Bendigo, Quarry Hill,
Ravenswood, Raywood, Redcastle, Redesdale, Sailors Gully, Sebastian, Sedgwick,
Shelbourne, Spring Gully, Spring Plains, Strathdale, Strathfieldsaye, Toolleen,
Wellsford, West Bendigo, Whipstick, White Hills, Wilsons Hill and Woodvale.

Property vendors may also choose to sell their property privately without the using an
agent. There are advantages and disadvantages to this approach which the vendor
should consider. If considering selling your property privately these are some of the
factors you will need to consider
1. Research the market and price your property accordingly
2. Consider your marketing strategy and costs, for example place an ad on the
Bendigo website
3. Ensure your property is well presented during the sale period
4. Consider small ads in newspapers including at least one web page your
property is listed on with images
5. Contact a solicitor or conveyancer to prepare the legal transfer documents
6. Provide an information sheet for potential buyers which details your properties
features, land dimensions, council rates, water rates and other relevant
information.

Finally, enjoy Bendigo, it is a great place to live, play and do business.