But what is in store for us in 2014?

Most experts believe the market will enter 2014 with strong momentum.

Robert Larocca from RP Data said 2013 was a year of moderate and sustainable growth for Bendigo and this is likely to continue albeit with "question marks over the economy".

“There is a direct correlation between the property market and the economy, and there are concerns over construction,” he said.

“There are also big question marks over monetary policy, interest rates are so low.

“People are hoping for another rate cut, but I hope it is the opposite.

“If there is another rate cut it is because the economy is performing poorly; mid-level rates are a sign of a strong economy, it delivers great prospects.”

Agent Darryn Mawby said he was looking forward to next year.

“The city is coming of age and I think we have got some wonderful years ahead,” he said.

“I think we will see sustainable and constant growth. Astute out of town investors realise it is a stable market with good solid returns and potential for growth.

“It is getting more vibrant; just look around at all the developments around the town.”

Agent Doug Lougoon said Bendigo was the centre of attention.

“I think we will see it still growing, but it will be measured growth.

“There is some economic stuff we need to get through that will keep the lid on things.

“Bendigo is still very popular from out of town.”

Maureen Hosking from Select Property agreed the area was popular.

“This area has become much more popular than a few years ago as people realise what great services we have here,” she said.

Luke Goggin said Bendigo was a good place to invest.

“Bendigo has grown to become self-sufficient and the Bendigo economy is quite safe. I think investors realise it is a good place to put money and as a place to live it is a lot cheaper than Melbourne.

“Next year I think the rental market will go through the roof and the availability to buy will be tight.

“When it comes to the hospital, nobody is under any illusions - when a government project says five years you know it will be seven. Rather than rent, people are buying.”

Anthony Symes from PRD Nationwide said the hype around the hospital will continue to boost the market.

“I think it is a trend going forward. It will keep continuing, as the hospital is going to get bigger.”

Regional Victorian developer Riviera Properties has collapsed after failing to meet the conditions of its loan from Gippsland Secured Investments.

City of Greater Bendigo received two submissions of concern over proposed renovations at Fortuna Villa while the plans were on public display.

Owner Paul Banks said Booth Street residents wanted clarification on a few issues which he would resolve with them.

“To only receive two submission re-assures me that l am doing the right thing towards the villa and the people of Bendigo," he said.