30/489 High StreetBendigo VIC 3550
Property Details for 30/489 High St, Bendigo
30/489 High St, Bendigo is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a floor size of 92m2.
Last Listing description (May 2018)
7.07% Gross RENTAL RETURNS!
A very spacious 2 bedroom apartment, recently refurbished with new carpet and timber floor boards, offering secure fixed returns regardless of occupancy.
with a growing population of 110,000.
Well known for its large economic employment base, together with a rich history dating back to the gold rush- Bendigo won the prestigious Australian Tourism Award in 2011 and 2012.
With full ensuite to master, large living consisiting of lounge & dining, outdoor decking area & carpark on title.
Recently updated with new carpet, paint and kitchen benchtop & splashback tiles and timber laminate flooring.
Lease Details
Current Rent: $367.15 per week - $19,092 per annum
Next Rent Increase: March 2019
Current Return: 7.07% Gross- 5.88% Net
Lease Terms: Lease to 29/03/2020 with 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Ground floor 2 bedroom, 2 bathroom apartment with spacious living areas consisting of family room and dining area with french doors opening to an outdoor entertainers decking area.
Recently refurbished with new carpet, new timber flooring, and updated kitchen.
***Some minor bathroom upgrades including new vanities and tap ware may be required in the coming 6- 18 months****
Property History for 30/489 High St, Bendigo, VIC 3550
- 05 Apr 2018Listed for Sale SOLD - $280,000
- 10 Aug 2017Listed for Sale Not Disclosed
Recent sales nearby
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About Bendigo 3550
The size of Bendigo is approximately 5.5 square kilometres. It has 8 parks covering nearly 8.8% of total area. The population of Bendigo in 2016 was 5512 people. By 2021 the population was 5652 showing a population growth of 2.5% in the area during that time. The predominant age group in Bendigo is 20-29 years. Households in Bendigo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bendigo work in a professional occupation.In 2021, 53.30% of the homes in Bendigo were owner-occupied compared with 53.70% in 2016.
Bendigo has 5,222 properties. Over the last 5 years, Houses in Bendigo have seen a 31.62% increase in median value, while Units have seen a 61.68% increase. As at 31 December 2025:
- The median value for Houses in Bendigo is $612,685 while the median value for Units is $472,786.
- Houses have a median rent of $500 while Units have a median rent of $460.
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