{"id":82563,"date":"2022-05-07T04:50:18","date_gmt":"2022-05-06T17:50:18","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/?p=82563"},"modified":"2022-05-03T15:11:29","modified_gmt":"2022-05-03T04:11:29","slug":"suburb-by-suburb-snapshot-bendigo-central-2","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/suburb-by-suburb-snapshot-bendigo-central-2\/","title":{"rendered":"Suburb by suburb snapshot – Bendigo Central"},"content":{"rendered":"

The size of central Bendigo is approximately 5.5 square kilometres and has six parks covering nearly 6.9 per cent of total area.<\/p>\n

The population of Bendigo in 2011 was 5774 people and by the 2016 Census was at 5534, showing a decline of 4.2 per cent in the area during that time.<\/p>\n

The discovery of gold in 1851 put Bendigo on the map, with 15,000 people moving there is just three years, drawing migrants from throughout the UK, Germany, America, and China.<\/p>\n

A direct rail link to Melbourne in 1862 and to Echuca on the Murray River by 1864, opened up a major corridor for passengers and freight.<\/p>\n

\"\"
This Bendigo Central old timer built in 1910 sold recently for $680,000<\/figcaption><\/figure>\n

Until gold was discovered at Bendigo the locality was part of the Ravenswood or Mt Alexander pastoral run that was established in 1840.<\/p>\n

As in all gold rush towns, there were hotels a plenty along with local industries, including brewing and flour milling, catering to the rapidly growing population.<\/p>\n

Many of the grander commercial buildings remain, most notably the imposing Shamrock Hotel, built in 1897.<\/p>\n

That building is opposite the equally imposing post office which now caters to goldfield tourists.<\/p>\n

Bendigo suffered more than its larger goldfields neighbour Ballarat, from the decline of gold mining in the early 20th century.<\/p>\n

Its population almost halved between 1901 and 1911, falling from 30,774 to 17,883.<\/p>\n

From the 1920s gradual population growth took place, with tramways, railways and a soft drinks factory as major employers.<\/p>\n

Once mining petered out in the 1940s, Bendigo further developed as a manufacturing hub. Pop culture began to play its part and the city is affectionately remembered as the birthplace of both the Chicko Roll and Four \u2018n Twenty pies.<\/p>\n

A few tough periods over the course of the 20th century ensued, seeing a slump in manufacturing, the effects of the depression and two world wars, a cultural cringe that blindsided many to Bendigo\u2019s heritage treasures, and a crippling ten-year drought that persisted until the late 2000s.<\/p>\n

Today there\u2019s little evidence of those challenges, Bendigo is proud of its story and intent on adding to the chapters with creativity, energy and personality.<\/p>\n

Bendigo is a vibrant regional city fostering a strong local food and wine scene, arts and cultural offerings to rival any capital, stunning heritage buildings and gardens, authentic attractions and fun festivals.<\/p>\n

CoreLogic data indicates that the predominant age group in Bendigo is 20- 29 years with households in Bendigo being primarily childless couples and are likely to be repaying $1400 – $1799 per month on mortgages.<\/p>\n

In general, people in Bendigo work in a professional occupation.<\/p>\n

In 2011, 54 per cent of the homes in Bendigo were owner-occupied compared with 53.7 per cent in 2016. Currently the median sales price of houses in the area is $617,500.<\/p>\n

 <\/p>\n

TIDBIT:<\/p>\n

Central Bendigo is affectionately remembered as the birthplace of both the Chicko Roll and Four \u2018n Twenty pies<\/p>\n

 <\/p>\n

Population: 5534<\/p>\n

Male: 48.8%<\/p>\n

Female: 51.2%<\/p>\n

Median age: 42<\/p>\n

5-year population change: -4.2%<\/p>\n

House median value: $642,000<\/p>\n

Change in Median Price: (5yrs) is 43.6%<\/p>\n

Median asking rent per week: $400<\/p>\n

Average length of ownership: 13 years<\/p>\n

Owner occupiers: 56%<\/p>\n

Renters: 44%<\/p>\n

 <\/p>\n

House median sale price:<\/p>\n

January 2022: $617,500<\/p>\n

January 2021: $479,500<\/p>\n

January 2020: $416,500<\/p>\n

January 2019: $390,500<\/p>\n

January 2018: $385,000<\/p>\n

 <\/p>\n

House sales per annum:<\/p>\n

Period ending January 2022: 168<\/p>\n

Period ending January 2021: 122<\/p>\n

 <\/p>\n

Land median sale price:<\/p>\n

January 2022: $312,500<\/p>\n

January 2021: $306,000<\/p>\n

 <\/p>\n

Land sales per annum:<\/p>\n

Period ending January 2022: 13<\/p>\n

Period ending January 2021: 7<\/p>\n","protected":false},"excerpt":{"rendered":"

The size of central Bendigo is approximately 5.5 square kilometres and has six parks covering nearly 6.9 per cent of total area. The population of Bendigo in 2011 was 5774 people and by the 2016 Census was at 5534, showing a decline of 4.2 per cent in the area during that time. The discovery of […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":199,"featured_media":82567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-82563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nSuburb by suburb snapshot - Bendigo Central - Bendigo Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/bendigotimes\/real-estate\/suburb-by-suburb-snapshot-bendigo-central-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburb by suburb snapshot - Bendigo Central - Bendigo Times\" \/>\n<meta property=\"og:description\" content=\"The size of central Bendigo is approximately 5.5 square kilometres and has six parks covering nearly 6.9 per cent of total area. 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