Prestige momentum builds, family homes find strong footing, and affordability continues to move under investor pressure
The Bendigo property market saw another high-confidence week, with prestige suburbs such as Quarry Hill, Strathfieldsaye, and Junortoun attracting serious buyer attention. A landmark result in View Street grabbed headlines, while a consistent flow of mid-range and affordable sales across Golden Square, Epsom, and California Gully reflected a balanced and resilient local market.
The week ending 24 May 2025 offered plenty for sellers and investors to take note of — from price peaks to strategic buys in high-yield corridors.
Prestige Sales – View Street Sets the Pace in a Week of High-End Confidence
This week’s top-tier results showed that Bendigo’s prestige market remains alive and well, particularly in historically significant or lifestyle-driven pockets.
- 167 View Street, Bendigo, achieved a premium result of $1,675,000, managed by Tim Rooke of PH Property. This five-bedroom, three-bathroom home on 1,239sqm combined architectural character, central location, and modern living — a rare trifecta that buyers were prepared to pay for.
- 48 Horace Street, Quarry Hill, sold for $980,000, with Andrew Murphy of Bendigo Ballarat Real Estate handling the campaign. With four bedrooms and a generous layout, this sale highlights Quarry Hill’s continued appeal for prestige buyers wanting proximity to central amenities.
- 2 Battunga Court, Strathfieldsaye, fetched $860,000 through Amy Sim of McKean McGregor. Situated on over 1,100sqm, the home offered a well-balanced mix of space, comfort, and family appeal.
- 10C Duncan Court, Junortoun, achieved $782,000, managed by Matt Connolly of Ray White. As more buyers seek out lifestyle locations with larger blocks and quiet streets, Junortoun continues to perform.
Prestige buyers this week were focused on lifestyle quality, liveability, and the long-term value that comes with land-rich, tightly held addresses.
Mid-Range Sales – Kangaroo Flat, Flora Hill, and Epsom Deliver for Family Buyers
The $500K–$800K market was especially active this week, with strong showings in Bendigo’s suburban corridors. This tier remains the most accessible for upgraders and relocating professionals seeking balance between cost and comfort.
- 15 Skye Court, Kangaroo Flat, sold for $780,000 by Michael Brooks of McKean McGregor. Set on 875sqm, this four-bedroom property represented classic suburban family value with room to grow.
- 278 Station Street, Epsom, secured $617,500 via Liam Jacques of Ray White Bendigo. Epsom continues to benefit from solid infrastructure and proximity to transport and retail.
- 21 Manna Gum Drive, Epsom, achieved $571,500, managed by Jacinta McIvor of Professionals Bendigo. The property’s low-maintenance appeal made it attractive to both families and investors.
- 31 Booth Street, Golden Square, sold for $615,000 through Amy Sim (McKean McGregor). With three bedrooms and a tidy footprint, the property demonstrated consistent buyer confidence in this versatile suburb.
- 2A Flora Lane, Flora Hill, a compact two-bedroom home, reached $526,000 with Narelle Waller of Belle Property. Buyers remain drawn to the suburb’s walkability, school access, and elevation.
This week’s mid-range activity highlights an ongoing preference for finished family homes in stable suburbs with good amenity access.
Affordable Market – Steady Turnover in Long Gully, California Gully, and Golden Square
Entry-level homes and compact investment properties were still in demand, with several sales closing under the $500K mark — a sweet spot for first-home buyers and yield-driven investors.
- 10 Honeybone Street, Quarry Hill, sold for $415,000 through Matt Bowles at DCK Real Estate. Though set on an impressive 3,839sqm, the home’s condition likely kept it in the affordable bracket, offering significant upside for future development.
- 5/20A Emmett Street, Golden Square, reached $506,500 via Darcy Quinn (Ray White). This three-bed unit illustrates that buyers are willing to pay a premium for turnkey low-maintenance homes in well-serviced locations.
- 7 Sutton Court, East Bendigo, sold for $490,000 through Tim Noonan of Belle Property. Sitting on 986sqm, the property offered solid fundamentals with potential to improve.
- 136 Sailors Gully Road, Sailors Gully, changed hands at $452,000, managed by Darcy Quinn. With three bedrooms and a generous block, this suburb continues to serve the lower-entry bracket effectively.
- 3/15 Nelson Street, California Gully, a two-bed, two-bath home, sold for $382,500, handled by Delaney Barker of Ray White Bendigo.
- 10 Stone Street, Long Gully, a vacant residential lot, sold for $180,000, handled by Andrew Murphy. This result reflects rising land value and intensifying interest in development potential.
Despite market-wide inflation, investors and first-time buyers are still finding viable options under $500K — particularly in Bendigo’s fringe and evolving suburbs.
Suburb Spotlights and Sales Trends
- Quarry Hill had an unusually high-impact week with two sales at vastly different ends of the market — a prestige home near $1M and a land-only deal at $180K, showcasing the suburb’s diverse profile.
- Golden Square delivered volume and consistency across price tiers, reaffirming its appeal to both investors and owner-occupiers.
- Epsom continues to perform as one of the most balanced and family-focused suburbs, particularly with its shopping precincts and transport links.
- Junortoun and Strathfieldsaye remained strongholds for space-conscious buyers looking beyond the urban fringe for value.
Emerging Market Behaviour
- Prestige buyers are leaning toward heritage homes and lifestyle locations, particularly where large blocks are involved.
- Family buyers want ready-to-move-in homes, prioritising suburbs like Kangaroo Flat and Epsom for their space and infrastructure.
- Investor interest remains focused on yield-friendly locations, such as Golden Square and California Gully.
- Land banking is growing, with low-cost lots like the Long Gully sale appealing to builders and future developers.
Key Takeaways
- View Street sets a new high for central Bendigo prestige at $1.675M.
- Quarry Hill stands out with strong results across both house and land.
- Mid-range strength remains with Kangaroo Flat and Epsom dominating family sales.
- Golden Square continues to deliver solid performance across multiple tiers.
- Affordable stock under $500K remains tight but highly desirable.
Market Outlook
As Bendigo approaches winter, buyer confidence is holding steady across all segments. Prestige demand is back on the rise, family buyers are active, and investors continue to scan the fringes for value plays. While listing volumes may taper into June, sellers should remain confident — particularly with properties that present well, are priced realistically, and offer land or renovation upside.
Now is the time to capitalise on low stock, high buyer engagement, and strong price performance in key corridors.