Unit 2,
90 STERNBERG STREET Kennington VIC 3550

About East Bendigo - Kennington

With an average age of 40, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $300. The average family earns a weekly income of $1,958 with a typical household size of 2.1 and a 92.73% employment rate.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Kennington due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Kennington provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Kennington to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Kennington we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Kennington a better buying opportunity than it may have been in the past.

Public Transport

Bendigo Stop 1: Central Deborah Gold Mine Epsom Stop 2: Charing Cross Stop 6: Joss House Stop 4: Lake Weeroona Stop 3: Bendigo Tramways Depot and Workshop Huntly Kangaroo Flat Stop 5: Tysons Reef

General Points of Interest

C Block Spring Gully Tennis Club Peter Krenz Leisure Centre Bendigo Golf Club Poppet Head Mine Red Energy Arena Village Epsom Shopping Centre Lansell Square Great Extended Hustlers Mine Disaster Memorial Golden Square Primary School

Population

(Country of Birth not stated 5%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Bendigo Senior Secondary College Quarry Hill Primary School Bendigo South East 7-10 Secondary College

• St Kilian's School

  Bendigo, VIC, 3550 Independent Prep-6

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• Kennington Primary School

  Kennington, VIC, 3550 State Prep-6

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• St Joseph's School

  Quarry Hill, VIC, 3550 Independent Prep-6

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• Bendigo Senior Secondary College

  Bendigo, VIC, 3552 State 10-12

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• Quarry Hill Primary School

  Quarry Hill, VIC, 3550 State Prep-6

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• Creek Street Christian College

  Bendigo, VIC, 3550 Independent Prep-10

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• St Therese's School

  Kennington, VIC, 3550 Independent Prep-6

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• Bendigo South East 7-10 Secondary College

  Bendigo, VIC, 3550 State 7-10

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• Doxa School Bendigo

  Bendigo, VIC, 3550 Independent 7-12

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Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website