Average price trends
535,000
Feb
645,000
Mar
600,000
Apr
What are the property taxes in Greater Bendigo and are there any other ongoing costs I should consider?
In Greater Bendigo, Victoria, property taxes, known as council rates, vary. As of the last data, the average annual cost is around $ 1,800 AUD. Other ongoing costs include water rates, typically above $ 970 AUD/year, and maintenance expenses. For the most current rates and taxes, visiting the City of Greater Bendigo's official website is advisable.
What types of upfront costs and fees will I have to pay when purchasing a property in Greater Bendigo?
When purchasing a property in the City of Greater Bendigo, upfront costs include the deposit (usually 10% of the purchase price), stamp duty, legal/conveyancing fees, building and pest inspection fees, and loan application fees. Stamp duty varies based on the property's value and buyer's eligibility for concessions. Visit sro.vic.gov.au for more information on stamp duty and potential concessions.
How does the Greater Bendigo property market compare to ther regions in the Australia?
The property market in Greater Bendigo, with a median house price of approximately $ 470,000 AUD, offers more affordable options than metro Melbourne, where the median hovers around $1,000,000 AUD. Compared to Brisbane's median of $ 720,000 AUD, Bendigo provides a more cost-effective choice, favoring buyers seeking value without sacrificing urban amenities.
How competitive is the Greater Bendigo property market?
The property market in Greater Bendigo, Victoria, Australia, is competitive with notable activity and demand. Recent data reveals a median house price of approximately $ 515,000 AUD and a unit price around $ 335,000 AUD. Homes average 58 days on the market, indicating a healthy market dynamism and buyer interest. This competition underscores the region's attractiveness among buyers and investors alike.
