Bendigo's real estate market has emerged as a star performer in RPM Real Estate Group's second quarter residential market review.
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The advisory group's chief executive Kevin Brown said Bendigo would likely continue to perform strongly as the move to working from home becomes a longer term shift.
"In July alone, RPM transacted more than $50 million in regional assets, with demand for sites in Bendigo, Ballarat and Geelong far outstripping interest in metropolitan Melbourne," Mr Brown said.
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"Affordability will be a key driver of home buying decisions moving forward and we see prudent developers turning their attention to regional areas in greater numbers."
Tweed Sutherland First National director Matt Leonard said the winter months have been busier than usual.
"Our volume of sales are higher than this time last year," Mr Leonard said.
RPM is calling for an extension to the government's HomeBuilder scheme, saying additional market stimulus would provide much needed certainty at both the supply and demand ends of the property spectrum.
Mr Brown questioned how long the supply of eligible lots would last to meet buyer demand.
Based on average rates of uptake, less than four months' supply or titled or near-titled lots was remaining at the end of July.
This means availability of eligible lots could potentially dry up in November.
Mr Leonard said the $25,000 HomeBuilder payment allowed the land market to take another leap forward.
"Land sales in the past three months have been the busiest I have seen in my 20 years in real estate," Mr Leonard said.
"New lots will be released in Jackass Flat and Strathfieldsaye very soon."
