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Suburb by suburb snapshot North Bendigo

September 9, 2023 BY

This three-bedroom North Bendigo home built in the 1970s sold recently for $520,000.

North Bendigo is approximately 4.2 square kilometres and has six parks covering nearly 8.5 per cent of total area.

The population in 2016 was 4046 and by the 2021 Census was recorded at 4277 showing growth of 5.7 per cent in the area during that time.

North Bendigo is situated in the vicinity of Lake Weeroona and the railway loop which runs northwards to Inglewood.

Its area includes the Australian Defence Industries north of the railway loop, and the Bendigo showgrounds.

Chinese goldminers were active in this area since the mid-1850s, and in about 1865 they constructed the Chinese Masonic Hall known as the Joss House on Finn Street.

The Hall has been restored by the National Trust and is on the Victorian Heritage Register.

Part of North Bendigo was known as Emu Point, a name dating from the late 19th century when there was a large Chinese community based there.

Much of the area was pitted with mining dumps, and North Bendigo was a mixture of working-class houses and industrial landscape.

At the beginning of World War TWO an ordnance factory was opened, and after the war, mining land was levelled for housing.

The Bendigo North school opened in 1873 was outgrown by the school population, and the Comet Hill school next to the showgrounds was opened in 1965, with a Catholic primary school opening on Eaglehawk Road in 1972.

An example of 19th century survives in Weeroona Avenue in the form of the Bendigo gas works bulit in 1860 which are also on the Victorian Heritage Register.

Australian Defence Industries which occupies the site of the former ordnance factory made aircraft, shipping and weapons components, as well as commercial products.

Its workforce was approximately 3000 people and is now part of Thales Australia makers of the Bushmaster and other protected military vehicles.

CoreLogic data indicates that the predominant age group in North Bendigo is 20-29 years with households being primarily childless couples and young families likely to be repaying on average $1290 per month on mortgages.

In general, people in North Bendigo work in a professional occupation.

TITBIT:

Chinese goldminers were active in this area since the mid-1850s, and in about 1865 they constructed the Chinese Masonic Hall known as the Joss House on Finn Street.

 

Population: 4277

Male: 48.2%

Female: 51.8%

Median age: 37

5-year population change: 5.7%

House median value: $478,210

Change in Median Price: (5yrs) is 54.4%

Median asking rent per week: $430

Average length of ownership: 10 years

Owner occupiers: 54%

Renters: 46%

 

House median sale price:

May 2023: $485,000

May 2022: $505,000

May 2021: $415,000

May 2020: $330,000

May 2019: $310,000

 

House sales per annum:

Period ending May 2023: 75

Period ending May 2022: 94

 

Land median sale price:

May 2023: N/A

May 2022: N/A

 

Land sales per annum:

Period ending May 2023: 2

Period ending May 2022: 6