A $2M acreage deal headlines a diverse week across Kennington, Golden Square, and Strathdale
The Bendigo property market closed the week ending 17 May 2025 with strength across every price segment, from multimillion-dollar acreage to tightly held mid-range homes and investor-friendly buys. What’s becoming increasingly clear is that regional buyers are making assertive decisions — especially those chasing lifestyle, land, and long-term return.
This week’s activity reflects a well-balanced market: prestige deals in Goornong and Junortoun, consistent movement in Kennington and Strathdale, and no shortage of interest in Golden Square, Kangaroo Flat, and Eaglehawk.
Let’s explore what drove the Bendigo market this week and where the next wave of opportunity may be rising.
Prestige Sales – Lifestyle Buyers Steal the Spotlight
This week’s highest sale sent a clear message — premium land and lifestyle assets are still in high demand, particularly from buyers priced out of metro areas or seeking generational value.
- 128 Bagshot-Whirrakee Road, Goornong achieved a landmark result at $2,000,000, facilitated by Drew Stratton of McKean McGregor. This 118-hectare rural holding is a standout — part farming, part lifestyle, and entirely premium for the right buyer.
- 7 Stirling Avenue, Junortoun, sold for $1,025,000 by Jen Wallace of Bendigo Ballarat Real Estate. Set on over 900sqm with four bedrooms and three car spaces, this sale reinforces Junortoun’s prestige appeal as Bendigo’s greenbelt luxury zone.
- 85 Mulberry Lane, Lockwood South, changed hands for $925,000 through Matt Leonard at Buxton Bendigo. The four-bedroom residence sat on 3.2ha, showcasing continued appetite for semi-rural living with modern comfort.
- 2 Nerang Court, Kennington achieved $850,000, with Tim Rooke from PH Property overseeing the sale. A large 1,248sqm block and prime positioning made this one a top-tier suburb result.
These sales confirm that buyers will pay top dollar for acreage, space, and location — and that prestige stock is still turning over quickly when priced accurately.
Mid-Range Strength – Family Buyers Take Centre Stage
The $600K–$800K segment remains the beating heart of Bendigo’s market, driven by upsizers, relocators, and discerning family buyers.
- 25 Plante Court, Strathdale fetched $753,000, sold by Darcy Quinn of Ray White. This four-bed, four-car home on 829sqm highlights continued demand in Bendigo’s most family-centric suburb.
- 60 Arnold Street, Bendigo, a central and character-filled home, was snapped up for $820,000 through Hayden Youngson of Bendigo Ballarat. Proximity to town and modern updates made it ideal for professionals and investors.
- 10 Putnam Avenue, Strathdale, sold for $678,500 via Darryn O’Keefe (Tweed Sutherland First National). Three beds, two baths, and solid bones on a leafy street ticked every family buyer box.
- 208 MacKenzie Street West, Kangaroo Flat, moved at $650,000, sold by Patrick Skahill of Elders Real Estate. A classic four-bedroom home with 833sqm of land, this result reflects confidence in Kangaroo Flat’s evolving appeal.
- 19 Kara Street, Kennington, hit $635,000 through Darcy Quinn (Ray White). With four bedrooms and a double garage, it’s another notch in Kennington’s mid-range belt.
Buyers in this category are clear in their priorities — land size, liveability, location, and the potential to add value down the line.
Affordable Activity – Strong Sales Volume in Golden Square, Eaglehawk, and Outer Suburbs
Bendigo’s sub-$600K market saw solid activity this week, led by consistent sales in the city’s more accessible corridors. First-home buyers, investors, and downsizers are still transacting — and quickly.
- 2 Hunter Street, Golden Square, sold for $432,500 by Hayden Youngson. With nearly 1,000sqm of land, it’s a strategic buy for redevelopment or renovation.
- 17 Macdougall Road, Golden Square, transacted for $522,000 via Wendy Carman of Buxton. A three-bed on a spacious block, ideal for families or long-term investment.
- 33 Franklin Street, Sailors Gully, sold for $460,000 through Toby Gray at Bendigo Real Estate. An affordable entry into the market with upside potential.
- 111 St Aidans Road, Kennington, closed at $500,000 thanks to Delaney Barker of Ray White. It’s rare to see Kennington homes with this price tag in 2025 — an opportunity snapped up fast.
- 5A Barrell Street, Eaglehawk, achieved $600,000, handled by Darcy Quinn. Four bedrooms and a 610sqm block makes this one a solid value proposition.
- 5 Poplar Street, Golden Square, sold for $580,000 via Bawa Singh (Buxton Bendigo). Another indicator that this suburb is cementing its place as a high-volume, mid-range performer.
Buyers in this space are agile, finance-ready, and often targeting properties with immediate liveability or rental appeal.
Suburb Highlights and Buyer Behaviour
- Golden Square is dominating volume at all levels — it’s fast becoming Bendigo’s most versatile performer.
- Strathdale and Kennington continue to attract well-heeled family buyers and remain tightly held.
- Goornong and Junortoun show ongoing strength in the lifestyle and acreage sector.
- Kangaroo Flat delivers balance: suburban accessibility, large blocks, and family-friendly layouts.
Buyers are clear: if a home is well-presented, realistically priced, and located in a high-growth suburb — it’s gone.
Emerging Market Trends
- Acreage demand is persistent, particularly as remote work and regional migration trends linger.
- Renovator interest is back, with older homes in central suburbs drawing eyes for their potential.
- Golden Square and Kangaroo Flat are picking up momentum across both investor and owner-occupier segments.
- Buyers are still moving fast, especially in sub-$700K brackets — competition is real.
Key Takeaways
- Goornong breaks the $2M mark, proving lifestyle land still sells strong.
- Junortoun, Lockwood South, and Kennington each delivered prestige results over $800K.
- Strathdale and Kangaroo Flat saw reliable mid-range movement for family buyers.
- Golden Square was this week’s volume winner with multiple transactions under $600K.
- Affordability zones are alive and well — Sailors Gully, Eaglehawk, and North Bendigo still offer accessible price points.
Market Outlook
Bendigo remains on stable footing with solid buyer activity across every price segment. The mix of prestige rural sales, mid-range family turnover, and affordable investor interest shows a resilient and confident market.
As we move toward winter, we expect more listings to come online in historically quieter suburbs like White Hills, Maiden Gully, and Epsom. For sellers, now is the time to act — buyer appetite is strong, and competition remains low.