Investment Property in Bendigo

Investment Real Estate in Bendigo

Bendigo property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Bendigo .

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Search Map of Bendigo Investment Real Estate

Bendigo is a city in Victoria, Australia, located in the Bendigo Valley near the geographical centre of the state and approximately 150 kilometres (93 mi) north-west of Melbourne, the state capital. As of 2019, Bendigo had an urban population of 100,991, making it Australia’s 19th-largest city, fourth-largest inland city and the fourth-most populous city in Victoria. It is the administrative centre of the City of Greater Bendigo, which encompasses outlying towns spanning an area of approximately 3,000 km² (1,158 sq mi) and over 111,000 people. Residents of the city are known as “Bendigonians”.

The discovery of gold on Bendigo Creek in 1851 transformed the area from a sheep station into one of colonial Australia’s largest boomtowns. News of the finds intensified the Victorian gold rush, bringing an influx of migrants from around the world, particularly Europe and China. Bendigo became eastern Australia’s largest 19th century gold-mining economy, and the wealth generated during this period is reflected today in the city’s Victorian architectural heritage. From 1853 until 1891, Bendigo was officially named Sandhurst.

Bendigo’s boom period lasted until the early 20th century and, after a temporary decline in population and employment, renewed growth occurred from the 1930s as the city consolidated as a manufacturing and regional service centre. Although gold mining continues, recent population growth has been most heavily concentrated in suburban areas. With the completion of the Calder Freeway linking Melbourne and Bendigo in 2009, and the region’s proximity to Melbourne, Bendigo has become one of the fastest-growing regional centres in Victoria.

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The financial stability of Bendigo has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Bendigo

Renting out your Bendigo buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Bendigo are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Bendigo and be prepared to change your initial outlook.
Thoroughly research the Bendigo location with a special emphasis on fringe areas outside the main Bendigo metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Bendigo.
Ensure that your target investment property in Bendigo appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Bendigo properties yourself is an easy option, but are these savings justifiable when you run into Bendigo red tape? Physis Realty Bendigo office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Bendigo buy-to-rent sector.

With our expert guidance, investing in Bendigo provides the secure knowledge that your money is working harder than it would in a local Bendigo bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Bendigo, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Bendigo property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Bendigo

Flipping property in Bendigo

Flipping property is when we advise clients to buy a Bendigo property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Bendigo market has a time to react to the renovation.

The Flipping Strategy in Bendigo

Investment property flipping in Bendigo is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Bendigo real estate investments are sometimes referred to by professionals as ‘distressed’ Bendigo real estate.

What is distressed Bendigo property:

Bendigo property in need of renovation
Bendigo real estate with a change of purpose and use
Oversold Bendigo property
Bank repossessions in Bendigo

Put simply, long term investors in Bendigo purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Bendigo investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Bendigo property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Bendigo use a minimum profit value of 22% when looking at potential Bendigo projects. The reason for this is because there are lots that can go wrong in Bendigo property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Bendigo

For luxury property investors hoping to add a superb property in Bendigo to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Bendigo, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Bendigo should be entrusted to only the highest-quality agency.

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