Bendigo house prices grow

A new report says Bendigo house prices grew marginally over the last quarter, putting the median house price in the area at $350,000.

The quarterly Domain State of the Market report reveals house prices grew by 0.1 per cent in the June quarter, with annual prices having grown 3.5 per cent.

House rental prices have remained steady over the past quarter and the year, at $300 per week.

“The marginal increase in Bendigo’s median house prices is a reflection of the region’s local economic growth, and the region can expect continued demand from buyers,” Domain chief economist Dr Andrew Wilson said.

By comparison, Ballarat had strong growth over the June quarter, with a 7.1 per cent increase in the median house price and a 12.3 per cent increase year-on-year.

Greater Shepparton’s median house price dropped 5.5 per cent over the June quarter and declined 3.7 per cent over the past year.