Property values in country areas – including Central Victoria – are now growing at a faster rate than in Australia’s capital cities.
That’s according to Cotality, which has publicly released its latest Regional Market Update.
The report shows that Bendigo’s median house price now sits at $633,025, having increased by 12.1 percent since January 2025.
That rate of growth is greater than the regional Victorian average, which went up by 7.1 percent over the same period, and far above Melbourne’s figure of 5.4 percent.
House prices in Castlemaine rose at a similar rate to Melbourne, but the town remains one of the state’s less-affordable markets, with a typical home costing $770,099.
Sales volumes in our region have also outpaced Victoria’s capital.
In the year to November 2025, Bendigo experienced a 30.8 percent increase in the number of properties sold, compared to the previous twelve months, while Castlemaine’s selling rate was 15.8 percent higher.
Meanwhile, Melbourne saw a 10.1 percent rise.
Cotality’s Head of Research, Gerard Burg says the figures for Central Victoria reflect a broader trend that has been observed elsewhere.
“We’re seeing some internal migration away from some of the major cities [and] into regional areas… as those affordability pressures become more pressing for a lot of Australians,” Mr Burg said.
He added that the more affordable markets tend to be “more inland” and “less of a commutable distance” away.
“So people are seeking opportunities in centres that are a little bit larger, but a little bit more distant from those major city areas.”
Got any local news to share? You can let Gold Central Victoria know by sending an e-mail to BendigoNews@arn.com.au
