Strathfieldsaye – Suburb by suburb snapshot

THE size of Strathfieldsaye is approximately 30.1 square kilometres, it has three parks covering nearly 0.6 per cent of total area.

The population in 2011 was 4647 people and by the 2016 Census it was up to 5430, showing growth of 16.8 per cent in the area during that time.

Strath is a rural/residential locality 10 kilometres south-east of Bendigo situated on Sheepwash Creek, which is fed by run-off from forested ridges with relatively impermeable soils.

The creek is consequently subject to rushes of water and is a cause of flooding.

Strathfieldsaye was thought to be named after the Hampshire Estate awarded to the Duke of Wellington in 1817.

It also inspired the name of Strathfieldsaye Shire, the shire hall (1869) was beside the Duke of Wellington Hotel until a new hall and offices were built closer to Bendigo in the 1970s.

Good agricultural land was found along the Sheepwash and Emu Creeks and was used for dairying, vineyards, fruit and vegetable growing for the Bendigo markets.

By the 1970s, however, rural/residential subdivisions encroached on Strathfieldsaye, taking advantage of the attractive landscape at the confluence of the Emu and Sheepwash Creeks.

CoreLogic data indicates that the predominant age group in Strathfieldsaye is 0-9 years with households in Strathfieldsaye being primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Strathfieldsaye work in a professional occupation.

In 2011, 87.9 per cent of the homes in Strathfieldsaye were owner-occupied compared with 84.3 per cent in 2016.

 

AGENT PERSPECTIVE:

“With Strathfieldsaye arguably being one of Bendigo’s most desirable suburbs, demand is at an all-time high.

“With an exclusive village type feel, Strathfieldsaye offers buyers an array of choice, and peace of mind living.

“From new subdivision estates to established tightly held one to five-acre allotments, it’s easy to see why this suburb is top of mind for buyers.

“With primary schools, medical centres, child care centres, an IGA supermarket, and an extremely strong sporting environment, this makes Strathfieldsaye the choice for long term family living.

“And with a short drive you can be skiing or fishing on Lake Eppalock, relaxing at one of many wineries, or escaping for the weekend with easy access to Melbourne.

“Price point entry to Strathfieldsaye is higher than most, it is very rare to find land under $200,000, and homes under $400,000.

“Whilst latest results with blue chip properties have sold between $1-2 million.”

Jason Priestley – General Manager – Tweed Sutherland First National Bendigo

 

TIDBIT:

A school was opened in the old shire hall in 1873, and a permanent school building was provided two years later.

 

Population: 5430

Male: 49.4%

Female: 50.6%

Median age: 35

5-year population change: 6.2%

Current median house price: $601,000

Change in Median Price: (5yrs) is 33%

Median asking rent per week: $430

Average length of ownership: 8 years

Owner occupiers:86%

Renters: 14%

 

Historic median house price:

December 2020: $540,000

December 2019: $465,000

December 2018: $445,000

December 2017: $455,000

December 2016: $451,500

 

House sales per annum:

Period ending December 2020: 90

Period ending December 2019: 93

 

Land median sale price:

December 2020: $185,000

December 2019: $170,000

 

Land sales per annum:

Period ending December 2020: 76

Period ending December 2019: 75