Central Victorians trying to enter the property market continue to face an uphill battle.
New reports out this week reveal house prices have increased throughout the region to again reach all-time highs.
The most comprehensive data was provided by Domain Group, which released its latest Quarterly House Price report on Thursday, April 30th.
It has the median property value in Greater Bendigo resting at $640 thousand as of March this year.
That figure is up 14.3 percent on the previous March quarter, and 43.8 percent on five years prior.
Other areas recorded more modest rises, with Central Goldfields Shire seeing an annual average price rise of 3.6 percent to $430k, and the Macedon Ranges a 6.9 percent increase to $935k.
Mount Alexander Shire was one of just five councils in regional Victoria to record a fall, with its median property value down by 2.7 percent to $730k.
Figures from Cotality being released today also show a rise in the cost of buying a home.
Its Home Value Index – which uses a slightly different methodology to Domain – puts Bendigo’s average house price at $653k, or 11.4 percent higher than the same time in 2025.
That report also puts the figure for the Maryborough-Pyrenees region at $407k, up 11.3 percent on a year ago.
More data has been released by REA Group as part of their House Price Index for April, putting Bendigo’s annual growth rate at 7.5 percent and its median property value at $649k.
While prices locally are still increasing, figures nationally suggest we may have reached a “turning point”, according to REA Group’s senior economist Eleanor Creagh.
“Overall, the housing market is rebalancing as demand softens and growth momentum eases,” Ms Creagh says.
“Auction clearance rates have softened pointing to a growing mismatch between buyer and seller expectations.
“At the same time, higher interest rates are reducing borrowing capacity, while uncertainty is weighing on confidence.”
But she cautions that a large correction in the market remains unlikely.
“Strong equity buffers, a resilient labour market and limited forced selling are helping to stabilise conditions and cushion price falls,” Ms Creagh says.
“Population growth and ongoing supply constraints exacerbated by higher construction costs and elevated interest rates continue to place a floor under prices.
“The adjustment is expected to be gradual, but slower growth and further price declines are likely.”
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