Rural Properties For Sale Bendigo VIC Buyers’ Guide

Strong Economy, Lifestyle Fuel Demand For Rural Properties For Sale Bendigo VIC

The Bendigo economy has experienced strong growth over the past five years, with population, employment, building approvals, property prices and gross regional product all increasing in the period - making it a highly attractive place to buy rural properties for sale.

Economic Factors Fuelling Bendigo’s Rural Property Market

According to official data, the City of Greater Bendigo’s gross regional product has risen from $7.076 billion in 2017 to $8.593 billion in 2022, an increase of 21.4 per cent.  This represents 1.7 per cent of Victoria's Gross State Product and 0.4 per cent of Australia's Gross Domestic Product.

Underpinning the economy’s expansion has been strong population growth (+7.3 per cent to 122,551) and robust growth in employment across most industry sectors.

Above: Rural properties for sale Bendigo VIC - gross regional product has risen 21.4 per cent over the past five years

While jobs in agriculture, forestry and fishing have declined in the period, this has been more than offset by strong growth in mining (+60.6 per cent), manufacturing (+13 per cent), construction (+17.5 per cent), accommodation and food services (+12.1 per cent), transport, postal and warehousing (+13.2 per cent), professional, scientific and technical services (+14.3 per cent), administrative and support services (+18.38 per cent), education and training (+13.67 per cent), healthcare and social assistance (+32.75 per cent), and arts and recreational services (+10.2 per cent).

Above: Rural properties for sale Bendigo VIC - strong population growth has underpinned the economy and property markets

Household consumption generates the largest share of GRP ($6.608 billion), ahead of government consumption ($2.418 billion) and private gross fixed capital expenditure ($1.946 billion).

As a result, the region’s unemployment rate sat at just 3.6 per cent in the March quarter of 2023, down from a recent high of 5.3 per cent in the same quarter of 2021.

Above: Rural properties for sale Bendigo VIC - the region has experienced strong growth in residential and non-residential building

The value of building approvals, meanwhile, has skyrocketed from $380.768 million in 2016-17 to $774.551 million in 2020-21. Strong growth has been experienced in both residential (+104.5 per cent to $470.795 million) and non-residential (+ 101.7 per cent to $303.756 million).

Lifestyle Factors Fuelling Bendigo’s Rural Property Market

The City of Greater Bendigo’s growth is no surprise. Its growing economy, vibrant community, and location just under two hours’ drive from Melbourne make it an exciting and progressive place to live.

With Bendigo as its largest centre, the municipality also includes the thriving smaller communities of Heathcote, Elmore, Goornong, Marong, Redesdale, and Axedale.

Above: Rural properties for sale Bendigo VIC - Bendigo boasts a growing economy and vibrant community

Bendigo itself is a vibrant city with all the facilities of a growing contemporary regional centre.

For residents and visitors alike, Bendigo Art Gallery is a must-see, ranking as one of the oldest and largest regional galleries in Australia.

Above: Rural properties for sale Bendigo VIC - Bendigo Art Gallery is one of the oldest and largest regional galleries. Image: Visit Victoria

Everywhere you go the city’s 1880’s gold rush wealth is evident in its streetscapes and historic buildings.

Jump on the Bendigo Tramways vintage ‘talking’ tram to explore the historic sights of Bendigo, including Bendigo Joss House Temple and discover more about the faith of the Chinese migrants who came to Bendigo in search of gold.

Above: Rural properties for sale Bendigo VIC - jump on the vintage ‘talking’ tram to explore the historic sights. Image: Visit Victoria

Alternatively, visit Bendigo Town Hall and step back into a golden era and experience one of the most remarkable boom-time buildings in Victoria. Or get your hands dirty at Bendigo Pottery, which for more than 150 years has been famous for creating high-quality ceramics.

Above: Rural properties for sale Bendigo VIC - Bendigo Pottery is famous for creating high-quality ceramics. Image: Visit Victoria

For machinery buffs, discover the unique history of the Sunshine Harvester developed in the Elmore area by Hugh Victor McKay; or visit Central Deborah Gold Mine to check out the tunnels of a real twentieth century gold mine, home of Australia’s deepest underground mine tour.

Outdoors, Bendigo boasts beautiful parks and gardens that host a range of festivals and events.

Above: Rural properties for sale Bendigo VIC - Rosalind Park is among Bendigo’s many beautiful public parks. Image: Visit Victoria

It’s beautiful and diverse public gardens include Albert Richardson Reserve, a landscaped park on Marong Road featuring a memorial to the 2009 Victorian bushfires; the Bendigo Botanic Gardens, White Hills which is a beautiful place for the whole community to enjoy; the Bendigo Library Gardens, which is a perfect place to read a good book or meet up with friends in the city; and the Civic Gardens at Bendigo Town Hall, which provides a wonderful green space in the heart of Bendigo’s CBD.

There are also many local swimming pools, including the indoor heated pool at the Peter Krenz Leisure Centre, sporting fields, skate parks and BMX tracks, and more than 50 recreation reserves and over 100 play spaces.

Above: Rural properties for sale Bendigo VIC - the landmark 19th-century conservatory in Rosalind Park. Image: Visit Victoria

Beyond the city centre, Bendigo is surrounded by a greenbelt of forest. Its natural heritage includes an amazing show of wildflowers each year, a Box-Ironbark forest that supports a rich array of flora and fauna, and mallee eucalypts of the ‘Whipstick Scrub’.

This natural heritage provides recreation opportunities for bushwalkers, orienteers, cyclists, birdwatchers, flower enthusiasts, or simply for a Sunday drive.

Above: Rural properties for sale Bendigo VIC - beyond the city centre, Bendigo is surrounded by natural heritage. Image: Visit Victoria

Must-do walks include the Crusoe Reservoir and No. 7 Park where you can wander around the Bendigo Water Works Company structures built to supply Bendigo with drinking water during the gold rush; the Goldfields Track-Leanganook Track where you can follow sections of the Coliban water system and discover historic water races and dissipators; Greater Bendigo National Park which features some of the highest-quality Box-Ironbark forest in north-central Victoria; and Heathcote-Graytown National Park where you can explore gold rush and war era historical features or simply enjoy the solitude of this Box-Ironbark bush setting.

Average Prices Of Rural Property For Sale Bendigo

Reflecting its popularity, Bendigo has experienced strong growth in both housing and farm land prices in recent years.

The latest Corelogic data for the period ending October 2021, shows Bendigo’s median house price jumped 15.82 per cent in the previous 12 months to $573,750. Unit valued rose by an even stronger 17.84 per cent to $495,000 in the period. Weekly median advertised rent sits at $650.

Above: Rural properties for sale Bendigo VIC - farm land prices have grown strongly over the past five, 10 and 20 years

Outside the city area, the median price of farmland rose by a cumulative average growth rate (CAGR) of 21.5 per cent in the five-year period to end of 2022, hitting $12,316per hectare, and taking the 10-year CAGR to 11.6 per cent and 20-year CAGR to 9.1 per cent.

This compares with a five-year CAGR of 20.8 per cent for the entire Central region of the state, according to the just-released Australian Farmland Values 2022 report.

How To Find The Right Rural Property For Sale Bendigo

If you’re considering a ‘tree change’ to Greater Bendigo, see below for some of our favourite rural properties for sale Bendigo VIC. What's more, farmbuy.com has more than 280 rural properties for sale Bendigo VIC - check them out here.

Rural Properties For Sale Bendigo VIC: 8 Floreate Drive, Junortoun ($930,000)

Conveniently positioned just 10 minutes to Bendigo’s CBD, the acreage property for sale offers a beautifully presented brick homestead perfect for a buyer seeking country living with easy access to amenities.

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Above: This rural property for sale Bendigo VIC is perfect for a buyer seeking country living with easy access to amenities

Sited on just under one hectare (9,576sqm) with established native plants at front and rear, the residence features four bedrooms, two bathrooms, three living areas and study - plus reverse-cycle ducted evaporative cooling and ducted gas heating.

At one end of the home is the perfect parents’ retreat with a main bedroom, ensuite, walk-in robe, and a practical study. At the other end of the home are three further bedrooms – all with built-in robes; a large family bathroom; separate toilet; and light-filled laundry.

Above: This rural property for sale Bendigo VIC features four bedrooms, two bathrooms, three living areas and study

Located in a quiet street and positioned back from the road off a semi-circular drive, the front door opens into a formal entry hall with a large lounge and dining room to one side, and a family room to the other.

Connected to these spaces is a sizeable kitchen-diner with large windows and French doors opening out to the rear yard. Kitchen appliances includes dishwasher and 900mm stove with five-burner gas cooktop.

Above: This rural property for sale Bendigo VIC is located in a quiet street and positioned back from the road off a semi-circular drive

The wide veranda runs the width of both the front and rear of the home and provides plenty of space to sit and enjoy the outdoors.

Outdoors, the terraced garden is landscaped with a lawn area, fire pit and steps that lead to a large undercover alfresco space perfect for entertaining. The fenced house yard also includes a brick fireplace and water tank.

Above: This rural property for sale Bendigo VIC includes a shed with room to store multiple vehicles plus workshop

The shed is accessible via the driveway and offers space for multiple vehicle storage in addition to extra storage. The shed features two roller doors, concrete floor, power, lights, workshop space, and extended alfresco area.

Click on the following link for more information on this rural property for sale Bendigo VIC at 8 Floreate Drive, Junortoun.

Rural Properties For Sale Bendigo VIC: 17 Everode Drive, Sedgwick (EOI)

Spread across 3.4 hectares (8.5 acres) of beautifully undulating terrain in the prestigious lifestyle quarter of Bendigo, this rural property for sale offers a sense of serenity that few properties can match.

Above: This rural property for sale Bendigo VIC is spread across 3.4ha of undulating terrain in a prestigious quarter of the city

This abode proudly displays meticulous upkeep and landscaping, transforming it into a versatile entertainment hub.

The property harbours an acre-wide private lake stocked with native Yellow Belly and Silver Perch and attracting an assortment of local wildlife, including local turtles, spoonbills, and ducks.

Above: This rural property for sale Bendigo VIC harbours an acre-wide private lake stocked with native Yellow Belly and Silver Perch

Set at an elevated site, the house provides breathtaking views of the local environment from your front veranda.

The steel-framed home boasts Federation-style architectural features, including yellow brick quoins and a bay window, and offers four bedrooms, of which three come with built-in wardrobes and a three-piece bathroom. The main bedroom features a walk-in robe and a stylish ensuite.

Above: This rural property for sale Bendigo VIC offers four bedrooms, of which three come with built-in robes and three-piece bathroom

The formal lounge hosts a bay window, elegantly framed that perfectly aligns with a patterned cornice and ceiling rose. Beyond the foyer is an immaculate open-plan living area awash with natural light.

The refurbished kitchen includes a pyrolytic wall oven and induction cooktop. A free-standing solid fuel heater adds an ornate charm to the open-plan area and supplements the installed reverse-cycle split system for those extreme weather days.

Above: This rural property for sale Bendigo VIC features a refurbished kitchen and open-plan living area with solid fuel heater

Stepping into the backyard there’s an extensive outdoor kitchen housing a pizza oven, built-in barbecue, wok burner, and sink, all completed with a granite bench and bar fridge. Additionally, a raised alfresco area centres around a fire pit, offering a captivating venue for evening gatherings.

The rural property’s gardens are meticulous landscaped, with a blend of summer shade trees and floral plantings. Artful use of rocks embellishes paths, garden edges, and walls.

Above: This rural property for sale Bendigo VIC boasts an outdoor kitchen housing a pizza oven, BBQ, wok burner, fridge and sink

An important feature of this vibrant outdoor space is the automatic irrigation system, ensuring the optimal hydration of every plant, tree, and bed throughout the various garden zones.

Nestled among this lush greenery is a Bottle tree, a rare sight in the region, accompanied by a bountiful orchard and veggie patch offering a range of homegrown delights from pomegranate to pistachio.

Above: This rural property for sale Bendigo VIC includes various garden zones as well as an orchard and veggie patch 

Ample tank water and an electric pump feeding from the dam cater to the lawns and garden drippers. The property also features a five-bay shed, offering ample storage and workshop space, with two high-set bays for a boat, caravan, or large vehicle.

Accessible from Peney Lane, this rural property offers the tranquillity of the countryside within easy reach of town amenities in Strathfieldsaye, Bendigo, and Castlemaine, and just a short 80-minute drive to the Melbourne fringe.

Click on the following link for more information on this rural property for sale Bendigo VIC at 17 Everode Drive, Sedgwick.

Rural Properties For Sale Bendigo VIC: 146 Kellys Road, Myrtle Creek ($1.2 million)

Set in the heart of some of the region’s most sought-after countryside, this majestic rural property for sale brings together all the elements one would expect in a quality rural family home.

Above: This rural property for sale Bendigo VIC comprises 17ha with fences, dams, water tanks, shedding and homestead

The property comprises approximately 17 hectares (44 acres) of land with established fences, four dams with between two and three megalitres of water each, 100,000 litres of water tank capacity, 260 square metres of shedding with power, mature native trees and landscaped gardens surrounding manicured lawns.

The double-brick home is Tuscany-inspired with its limewash exterior and rustic paving while vines grow from oak barrels along the front of the building and adorn the full-length veranda.

Above: This rural property for sale Bendigo VIC features four dams with 2-3ML of water each plus 100,000 litres of water tank capacity

There’s also a separate vine-covered spacious outdoor entertainment area boasting a pizza oven.

The glass double-door front entrance takes you to the open-plan living area with kitchen, dining space and sitting room. The well=appointed kitchen features stainless steel oven and gas cooktop, large pantry, cupboards and soft-close drawers, and the island bench is ideal for casual eating.

Above: This rural property for sale Bendigo VIC boasts mature native trees and landscaped gardens surrounding manicured lawns

The oversized dining area provides room enough to seat more than 20 guests and floor-to-ceiling windows ensure ample natural light with views of the surrounding landscape. From here you can adjourn to the sitting area or adjoining formal loungeroom with its feature stone fireplace and luxurious pure wool carpet.

Off the formal loungeroom is the main suite comprising a bedroom, walk-in robe and ensuite. There are two other bedrooms with built-in robes, another large bedroom, as well as a fifth bedroom or study/home office.

Above: This rural property for sale Bendigo VIC features an open-plan living area with kitchen, dining space and sitting room

Outside there is a shade tunnel to grow vegetables as well as a chicken house.

This rural property for sale provides an idyllic country retreat, located between three key regional towns of Bendigo, Kyneton and Castlemaine.

Click on the following link for more information on this rural property for sale Bendigo VIC at 146 Kellys Road, Myrtle Creek.

Rural Properties For Sale Bendigo VIC: 156 Forest Drive, Myers Flat (POA)

Established in 1989, Sandhurst Ridge is an award-winning boutique winery producing super ultra-premium wines.

Above: This rural property for sale Bendigo VIC comprises 11.99ha of premium vines which produce award-winning wines

The rural property comprises 11.99 hectares (29.65 acres) planted with varieties including Shiraz, Cabernet Sauvignon, Merlot, Nebbiolo and Sauvignon.

In 2020 James Halliday awarded the winery five stars and nominated Sandhurst Ridge as one of the 10 ‘Dark Horses’ of the wine industry for that year.

Above: This rural property for sale Bendigo VIC combines wine production with accommodation, tasting room and big main residence

Surrounded by Eucalypt forest, the property combines wine production with cottage accommodation, tasting room and substantial main residence.

The modern tasting room features raked ceiling, polished concrete floor and cosy wood fire surrounded by a lush outdoor garden setting with wood-fired pizza oven.

Above: This rural property for sale Bendigo VIC includes a modern tasting room featuring raked ceiling, polished concrete floor and wood fire

The three-level winery homestead is divided into two separate residences ideal for two couples owning/running the vineyard and business.

Two separate single-bedroom cottages overlook one of the three dams on the property.

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Above: This rural property for sale Bendigo VIC offers two single-bedroom cottages overlooking one of the three dams on the property

Additional features include wine processing facility, barrel house, cellar/storage and large workshop.

The rural property for sale is located in central Victoria just a short 15-minute drive to Bendigo and under two hours from Melbourne.

Above: This rural property for sale Bendigo VIC comes with a wine processing facility, barrel house, cellar/storage and large workshop

Click on the following link for more information on this rural property for sale Bendigo VIC at 156 Forest Drive, Myers Flat.

Rural Properties For Sale Bendigo VIC: 720 Dairy Flat Road, Heathcote South ($975,000)

‘Hut On The Hill’ is arguably Heathcote’s best-known bed-and-breakfast (BnB), set on a little over 16 hectares (40 acres) of undulating land boasting uninterrupted views of the McHarg Ranges.

Above: This rural property for sale Bendigo VIC houses arguably Heathcote’s best-known bed-and-breakfast, ‘Hut On The Hill’

The rural property features a cosy two-bedroom home perfect either as a private residence or BnB.

Inside, the open-plan kitchen, meals and living area has generous timber-lined cathedral ceilings, a cosy wood heater, reverse-cycle split-system air-conditioner and large windows to enjoy the everchanging seasonal vista.

Above: This rural property for sale Bendigo VIC features an open-plan kitchen, meals and living area with timber-lined cathedral ceilings

The kitchen features quality stone benchtops, stainless steel electric oven, cooktop, rangehood and dishwasher.

Two double bedrooms both have built-in-robes and doors leading outside. The luxurious bathroom has dual sink, vanity, separate shower and raised spa bath.

Above: This rural property for sale Bendigo VIC boasts two double bedrooms, a luxurious bathroom and doors leading outside

Outside, the home has a generous deck, perfect for summertime entertaining while your guests relax in the heated spa and gaze out over the horizon.

Other improvements include a five-panel solar system, solar hot water, 9m x 6m shed, 7.5m x 5.5m storage shed, pool pump shed and a dam with good catchment.

Above: This rural property for sale Bendigo VIC includes a 9m x 6m shed, 7.5m x 5.5m storage shed, and dam with good catchment

A renowned wine region with more than 60 wineries and local brewery, Heathcote is located 40 minutes from Bendigo and 90 minutes from Melbourne.

Click on the following link for more information on this rural property for sale Bendigo VIC at 720 Dairy Flat Road, Heathcote South.