Oversupply of rental houses at Bendigo: HTW
Bendigo has an oversupply of houses relative to rental demand, according to Herron Todd White’s latest report.
The property valuation firm says that Bendigo has a fair demand for new houses.
This is supported by a steady trend in new house construction as well as a steady volume of houses being sold.
However Bendigo’s housing market sees new properties frequently being sold at prices that exceed their potential resale value.
A four bedroom house at 8 Flood Street, Bendigo (above) has been listed for between $480,000 to $520,000.
Similarly a three bedroom house at 163 Mitchell Street, Bendigo (below) has been listed for between $540,000 to $560,000.
A three bedroom house at 325 Barnard Street, Bendigo (below) is available from $450 per week.
Similarly a three bedroom house at 27 Bayne Street, Bendigo (below) is available from $250 per week.
