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Bendigo suburbs on the nation’s Hot 100 list

Real estate & property news
27 March 2023
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Melbourne buyers splash cash on Kennington clinker brick classic after one look

Areas in the Bendigo region are on the Hot 100 list of Australian suburbs with the best for prospects in 2023.

Kennington and Kangaroo Flat are among the nation’s suburbs expected to perform well this year, according to realestate.com.au.

With their proximity to the Bendigo CBD and easy access to good schools, shopping centres and transport, homes in these areas are attracting strong interest from buyers.

A suburb on the city’s edge, Kennington has a wealth of infrastructure, according to Barry Plant Bendigo agent Reecy Owins.

Residents have Kennington Reservoir and recreation areas, medical clinics and shopping centres at their doorsteps, she said.

Within walking distance of shops, restaurants and theatres, a four-bedroom house at 22 Sternberg Street, sold to Melbourne buyers who fell in love with it after one inspection.

“They drove up from Melbourne to inspect the property,” Ms Owins said.

“After one look, they made an unconditional cash offer at the top of the price range.”

The older couple was impressed by the presentation and location of the home, which was move-in ready and near supermarkets, Ewing Park and Harry Trott Oval.

With a price guide of $980,000-$1.07 million, the classic clinker brick house on the city’s edge has been renovated and extended with no expense spared.

“This 1950s beauty was a rare offering, and it has been superbly re-created by the owners,” Ms Owins said.

“It combines a new era of style with a premier address that offers a first-rate lifestyle.”

A builder's own home with art déco details features hardwood floors, high ceilings with detailed cornices, designer lighting and a cosy log fireplace.

Two living areas, including a kitchen, dining and living zone that flows out to decked outdoor entertainment area, add to the property’s appeal.

Despite its proximity to the CBD, Kennington’s median house price is $597,500, rising 7.6 per cent in the past 12 months, according to realestate.com.au.

Kangaroo Flat appeals to first-home buyers, families, downsizers and investors, drawn to the affordability, lifestyle and growth potential, said Ms Owins.

“The new residential estates with modern homes are a magnet for young families from the local area and Melbourne,” Ms Owins said.

“There are also good schools, transport and a large shopping centre in the area.”

The suburb’s median house price is $532,500, which has grown 9 per cent in the past 12 months.

In a quiet pocket near a childcare centre and parks, a three-bedroom house on 715sq m at 10 Molesworth Road, has sold for $455,000 to a local investor.

“We had quite a few people through this home and a couple of offers,” Ms Owins said.

The buyer planned to lease out the property, which would generate a rental income of about $470 a week, she added.

Real estate & property news
27 March 2023
Save Article

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