It used to be one of the richest cities in the world – now Bendigo is seeing a new boom in million dollar properties.

Property re-evaluations by the City of Greater Bendigo show a surge in homes worth more than $1 million, up from 66 in 2014 to 212 this year. 

City senior valuer James Collins said, despite the perception, not all wealth arrivals come from Melbourne. 

“Some are coming from smaller regional areas – and the fact they are choosing Bendigo is a testament to how vibrant our CBD has become,” he said.  

“We’ve always had good quality supply, close to town, but as the town grows it is just becoming more and more vibrant.”

Mr Collins said he expected to see the trend continue.