PROPERTY & LIVING | AUTUMN 2025
Dear Readers
Jeremy Brown Commercial Manager
Welcome to the Autumn Edition of the McKean McGregor magazine.
Thank you for taking the time to read our magazine, it is a great testament to our fantastic marketing department and we are really proud of the publication. We hope that you enjoy reading it as much as we enjoy putting it together.
As we roll further into 2025, we continue to see the resilience of the Bendigo property market and continue to be the envy of our metropolitan neighbours, who've seen inferior performance in their markets both in the residential and commercial/industrial sectors.
We wait with anticipation as to the effect some interest rate relief will provide, hoping it can be the catalyst for injecting some extra buyer excitement into our market.
We were excited to announce our recent expansion of the livestock business into the Sunraysia, Mallee & Western Division of New South Wales regions, with McKean McGregor Mildura opening its doors in November of last year. The Mildura-based business will be focused on providing an exceptional level of service to farmers throughout that region and continue to expand on the existing MM networks. Our launch into the area has only been possible with the professionalism, progressive nature and growth of our brand. We welcome the new staff, their families and their clients to the wider MM family.
2025 in Bendigo is likely to see further distancing from the 'COVID' property markets, to a more sustained, and probably typical Bendigo marketplace. We're expecting steady growth in our markets, with good opportunities in the affordable housing space, and also those areas linked to our high population growth. The first homeowner sector of the market has been hard hit over the last couple of years, and with interest rate relief starting, with further expected
to come, this may be part of the market which sees renewed growth.
Construction remains soft and property investors have had some headwinds due to associated ownership costs. However, the tide may be turning, simply due to the opportunities which are now presenting themselves to investors and developers alike.
We've been extremely fortunate to partner with some progressive developers to assist in marketing and selling their projects in Bendigo. The Piermont projects in Marnie Road, Fortuna and Strathfieldsaye are all under construction, and early take-up of their 'downsizer' housing has been outstanding. They expect delivery of the Marnie Road project in the middle of this year, with a display suite completed by around May. The Prime Business Park is another outstanding commercial project that we're excitedly pre-selling. The offices, cafe and warehouses will deliver a new and unrivalled commercial/ industrial product to the Bendigo market, with construction due to commence in the early part of this year. Take up of this project to date has also exceeded expectations.
Once again, thanks for taking the time to read our magazine. Here's to a prosperous 2025!
Bendigo Property Market and Interest Rates: What’s Happening and What’s Next?
The RBA cut to the cash rate from 4.35% to 4.1% was an outcome widely predicted by economists prior to the February announcement. Although the initial cut is not expected to have a massive direct impact on affordability, the shift into the easing cycle could have a more significant impact on activity, with consumers building potential future rate cuts into their housing budgets and therefore boosting sentiment for local homeowners, businesses, and buyers alike.
Interest Rates: What’s Predicted?
The Big Four banks are united in their forecasts for 2025, predicting that further rate hikes are off the table and anticipate further cuts to the new official cash rate of 4.10% by the end of the year. ANZ expects a further reduction of 0.25%, while NAB is more optimistic, forecasting a further drop of 1.00% by the end of 2025.
For homeowners, each 0.25% reduction translates into savings of approximately $103 per month on a $641,416 mortgage—the national
average. These savings can restore buyer confidence and offer muchneeded financial relief. However, the impact of lower interest rates goes beyond personal finances. Reduced rates also help businesses by lowering borrowing costs, which can ultimately ease the cost of everyday goods and services.
The Waiting Game vs. Taking Action
Many buyers are sitting on the sidelines, waiting for interest rates to drop before making their move. However, savvy buyers are already taking advantage of current conditions. History shows that those who act ahead of the market often reap the greatest rewards. A recent Compare the Market survey revealed that nearly one in five buyers regretted waiting, having received poor advice to hold off until prices dropped further.
As rate cuts materialise, buyer confidence will surge. With increased borrowing capacity and greater access to finance, market activity is expected to ramp up in 2025. As more people enter the
market, competition for properties will naturally push prices upward.
Impact on Property Prices
It is expected that an influx of buyers with improved borrowing power will intensify competition in the real estate market. We expect the established home market to experience renewed demand as the gap between the cost of building a new home and purchasing an existing one narrows.
Land prices are also expected to strengthen, and the incentives that developers currently offer will diminish as demand grows. Historically, periods of falling interest rates have coincided with increased market activity, reducing buyer incentives and applying upward pressure on prices for both land and established homes.
A Long-Term Perspective
Interest rates have always played a critical role in the property market. In the last 40 years, we’ve seen dramatic fluctuations—from a peak of 17.5% in January 1990 to a historic low of 0.1% during the
COVID-19 pandemic, before rates began climbing again in May 2022.
While interest rates affect affordability, buyers remain in control of key decisions: what to buy, where to buy, and how long to hold onto a property. A wellresearched, long-term property investment can deliver significant returns and help smooth out the ups and downs of economic cycles.
The Importance of Homeownership
The dream of homeownership may
Robert Ketterer
seem out of reach for some, with many Australians believing they will never be able to afford a home. This sentiment is not without reason.
A recent report by the Grattan Institute highlights that retirees who rent privately in Australia face significant challenges in achieving long-term housing security. Two in three retirees who rent are living in poverty, even after a 27% increase in government rental assistance over the past two years.
For those able to enter the market, purchasing property remains one of the best long-term strategies for financial stability and security.
What’s Next?
As interest rate reductions unfold throughout 2025, we can expect increased buyer activity, rising property prices, and a stronger Bendigo market. Those who act early and invest for the long term are likely to benefit the most.
Whether you’re a first-time buyer or a seasoned investor, staying informed and prepared is key to navigating the changing market and making the most of upcoming opportunities.
Behind the Bendigo Easter Fair
As the vibrant city of Bendigo gears up for its annual Easter Festival,the meticulous planning and coordination that bring this beloved event to life are well underway.Acting Major Events Coordinators,Jaime Cail and Jessica Dooley,offer an exclusive behind-thescenes look into the year-long process that culminates in Bendigo's most anticipated celebration.
A Year-Round Commitment
Planning for the Bendigo Easter Festival is a continuous endeavour. "Once we finish one Easter and have successfully delivered that, we spend time doing debriefs with our stakeholders and internal teams, finalize accounts, and do report writing for council," explains Jaime. This period of reflection and evaluation is crucial for identifying areas of improvement. By May, consultations with stakeholders commence, focusing on potential changes to sites, facilities, infrastructure, and processes. The team then delves into curating the activities and entertainment program, ensuring a dynamic and engaging lineup for attendees.
Balancing Tradition and Innovation
A key aspect of the festival's success lies in its ability to honour longstanding traditions while embracing contemporary elements. Jessica emphasizes the
importance of stakeholder engagement: "We do a lot of work with external stakeholders that have a really key piece to play in the festival, like the Bendigo Chinese Association." The festival strives to create a balanced program that introduces new and exciting attractions while preserving crowd favourites. This approach ensures inclusivity and accessibility across various age groups and demographics.
Managing an event of this magnitude in Bendigo's CBD presents unique challenges. The team meticulously plans traffic management, road closures, and safety compliance to transform public spaces into areas capable of accommodating thousands of visitors. "Holding it in an open space means there's a lot around risk and safety compliance that we have to work through," notes Jessica.
The Heartbeat of the Festival: The People and Our Community
The festival's success is deeply rooted in community involvement and volunteer support. Jaime highlights the extensive volunteer network: "We reach out to a number of schools, community groups, and organizations to gather volunteers." These dedicated individuals assist with various activities, from the Vision Australia Easter egg hunt to the Discovery Tent. Additionally, community groups like the Dragon City Marshals, Lions Clubs and Rotary Clubs play pivotal roles in the success of the festival. .
The collaborative spirit extends to the City of Greater Bendigo staff. "Leading up to the festival, we are supported by a wider team from across the city," says Jaime. This collective effort fosters a sense of pride among those involved, contributing to the festival's iconic status.
This effort and contribution is not limited to the people, it's also to the sponsors who make these events possible. “We are eternally grateful to Premium Sponsor Agnico Eagle Fosterville, Sheridan Homes, Gold FM, and Bendigo Advertiser for their ongoing support and contribution” acknowledges Jaime.
Anticipation Builds for this year’s festival
As the 2025 Bendigo Easter festival approaches, excitement is palpable. The Sherridon Homes Gala Parade on Easter Sunday remains a highlight, featuring Dai Gum Loong, the world's longest Imperial Dragon, weaving through Bendigo's historic streets. The La Trobe University Torchlight Procession on Saturday evening will commemorate the service of Rod Fyffe, OAM, culminating in a spectacular fireworks display. Other anticipated events include the Vision Australia Easter egg hunt, Rotary markets, and the Awakening of the Dragon ceremony, which celebrates Bendigo's rich Chinese heritage.
Reflecting on the festival's evolution, Jaime notes, "Every year, there are things that we need to tweak to continually improve the experience for the patrons." This commitment to continuous improvement ensures that the festival remains relevant and enjoyable for both long-time attendees and newcomers.
A Legacy of Celebration
The Bendigo Easter Festival boasts a storied history, with its inaugural event held in 1871 to raise funds for the Benevolent Asylum and Hospital. Its enduring
success has made it one of Australia's longest-running community festivals. Today, the City of Greater Bendigo coordinates the festival, with the Bendigo Easter Fair Society continuing to play a significant advisory role.
For both locals and visitors, the festival offers a plethora of free entertainment and activities suitable for all ages. "It's a spectacular time of year in Bendigo," Jaime enthuses. The combination of traditional events, cultural celebrations, and family-friendly activities ensures that the Bendigo Easter Festival remains a cherished annual tradition.
As preparations continue, the dedication and passion of the organizers, volunteers, and community members promise to make the 2025 Bendigo Easter Festival an unforgettable experience for all.
Jaime Cail
Acting Major Events Coordinator
Jessica Dooley
Acting Major Events Coordinator
La Trobe Bendigo and Marg O’Rourke: A Perfect Fit For Two Beacons of the Community
In the heart of the Loddon Mallee region, La Trobe University’s Bendigo campus stands as a beacon of education, innovation, and community connection. Marg O’Rourke, Head of Campus, understands just how vital the university is—not only for providing education but also for shaping the region’s social, cultural and economic future. With deep roots in Bendigo, Marg’s passion for her community and her vision for La Trobe is evident.
“It’s so much more than just an education provider,” Marg explains. “Having a university here is fundamental to the community’s livability. It’s about our future workforce, innovation, and creating opportunities that may not otherwise exist in regional settings. For many,
if they had to leave to study, they might not pursue higher education at all. La Trobe makes it accessible.”
Marg highlights that the university’s reach extends well beyond Bendigo. Its presence across four regional campuses—Bendigo, Albury-Wodonga, Shepparton, and Mildura—creates a network of learning hubs. These campuses are open not only to our campus enrolled and online students but also to those from other institutions needing a place to study. “Our vision is to increase participation in education,” Marg says. “Anyone studying online, even from another university, can come and access our library, facilities and support services. It’s about creating a supportive, vibrant learning environment for everyone.”
Supporting Regional Growth and Innovation
At the heart of La Trobe Bendigo is a commitment to drive growth and innovation in the region. The university’s strong ties with local industries and organizations fuel the development of future workforces in areas where Bendigo thrives—health, education, manufacturing, creative arts, business and law. Marg is especially proud of how the university supports the local economy and strengthens these key sectors.
“There are the obvious benefits a university brings,” Marg notes, “like education and research. But it’s also about what you don’t see—the ripple effect on the community. Our partnerships with TAFE and secondary schools help create clear pathways into higher education, while our research programs contribute directly to solving local challenges.”
A Year of Transformation and New Beginnings
Reflecting on her first 12 months as Head of Campus, Marg emphasizes how important it’s been to understand the full cycle of university operations. “Bendigo is experiencing significant growth,” she says. “Our student numbers are strong, and we’re at full capacity in student accommodation. We’re also seeing more students returning to campus after the pandemic, bringing back the vibrancy and energy we missed.”
Several exciting upgrades are underway, including new health and innovation facilities and improvements to education spaces. Marg believes these investments reflect La Trobe’s commitment to Bendigo’s future. The university’s clinical teaching building in Arnold Street is undergoing a $23 million upgrade, and La Trobe’s recent acquisition of the Emporium Creative Hub in the city centre offers new opportunities for engagement with students and the broader community.
“Bendigo is truly becoming a university city,” Marg says with pride. “We’re not just at Flora Hill. We’re woven into the fabric of Bendigo with facilities across town— our clinical teaching facilities, creative spaces, and soon, more student accommodation right in the city centre.”
A Personal and Deep Connection to Bendigo
Born and raised in Bendigo Marg’s connection runs deep and is rich with memories, moments of pride and joy. Like many, Marg continues to enjoy Bendigo's rich history and how that history comes alive through its events and places; she reflects on a deep and long lasting connection to the events at Easter. ”One of the most special times of the year in Bendigo is the Bendigo Easter Festival. It’s a tradition that stretches back over 150 years, and it’s something I’ve treasured since childhood. I remember the first Easter parade I attended as a young kid in the early 1970’s. Seeing Sun
Loong, the iconic Chinese dragon, weaving its way through the streets left me in awe. That moment stayed with me for life.”
Years later, as Bendigo Mayor, Marg had the honour of travelling to Hong Kong to receive Dai Gum Loong, Sun Loong’s successor, from its makers. “Being part of that journey—dressed in mayoral robes and representing Bendigo on the global stage—was truly humbling. It was a full-circle moment that I’ll never forget”
Her connection to Bendigo is also deeply tied to its unique spaces and believes the heart of the city centre feels so vibrant and alive and is something no other regional city in Australia can match. “One of my favourite places is Charing Cross, right at the heart of the city. Standing near Rosalind Park and looking towards the Alexandra Fountain, with heritage buildings on all sides, fills me with pride every time.”
“These experiences—whether it’s being part of the Easter celebrations or simply walking through the city’s historic streets— constantly remind me of how special Bendigo is. It’s a city that celebrates its history while continuing to grow and thrive, and I’m proud to be part of it.”
A Legacy of Leadership and Community
Marg’s connection and influence extend far beyond her role at La Trobe. With a history of civic
leadership, including serving 4 years as Bendigo’s Mayor, she has been instrumental in several transformative projects—none more visible than bringing Qantas flights to Bendigo.
“When I see a Qantas jet flying overhead, I smile,” she shares. “I was part of the early conversations
that made that a reality. At the time, it seemed like a dream, but now it’s a key part of our city’s connectivity. It’s those little moments that make you realize how far we’ve come.”
Marg’s dedication to Bendigo is not something she planned; it’s simply part of who she is. “I grew up
Marg speaking at La Trobe University stakeholder dinner
in a family where giving back was natural. My dad volunteered a lot, and I just followed that path,” she reflects. “In regional communities, everyone pitches in. It’s just how we live.”
As La Trobe Bendigo looks to the future, Marg is excited about what lies ahead. From expanding student accommodation to strengthening industry partnerships, the university remains at the forefront of regional
transformation. “We’re here to help Bendigo grow, thrive, and prosper,” she says. “And I feel incredibly privileged to be part of that journey.”
Marg O'Rourke receiving the OAM from Governor Margaret Gardner
Professor Jane Mills, Dean La Trobe Rural Health School & Prov Vice Chancellor Health Innovation (Regional), Associate Professor Melanie Bish, Pro Vice Chancellor Regional, Marg O’Rourke OAM, Head of Campus Bendigo
Some of the staff from La Trobe University at the Bendigo sign which features our Visual Arts students work.
35 Goddards Road, Myers Flat
A Country Retreat Like No Other
Tucked away on 39 breathtaking acres of countryside, this extraordinary stone residence is a true testament to craftsmanship and nature in perfect harmony. Set at the end of a private driveway, this secluded sanctuary offers a rare combination of peaceful rural living and modern convenience—just 20 minutes from the heart of Bendigo.
Listing Agent: Greg Heard
From the moment you arrive, the home’s architectural presence is undeniable. The rich texture of its hand-laid stonework, soaring timber-lined ceilings, and dramatic stone archways create a sense of grandeur, while thoughtful design elements ensure it remains warm and inviting. Built with sustainability in mind, the home is powered by a 6.6kW solar system across 24 panels, offering an eco-conscious lifestyle without compromising on comfort.
Framed by uninterrupted views
of the property’s stunning landscape, this home seamlessly integrates indoor and outdoor living. A magnificent dam, the focal point of the estate, reflects the changing sky and offers a serene backdrop to daily life. Whether you envision running livestock, cultivating a hobby farm, or simply unwinding in nature, the property provides an exceptional canvas for your dream rural lifestyle.
Step inside, and the heart of the home reveals itself. The recently
updated kitchen is a striking blend of contemporary style and rustic charm, featuring premium appliances, a striking slab benchtop, and a spacious walkin pantry. Flowing effortlessly into the meals area and expansive lounge, this open-plan space is warmed by a grand stone fireplace.
The ground level also includes a thoughtfully updated bathroom, where a deep bathtub invites relaxation against a backdrop of scenic countryside views. A
dedicated laundry provides ample storage, while a unique spiral staircase leads down to an underground cellar—a perfect hideaway for wine enthusiasts or an additional secure storage space.
Upstairs, three generously proportioned bedrooms are bathed in natural light, each with plush new carpeting and built-in robes. The master suite is a private retreat, complete with an elegantly updated ensuite and direct access to a deck that
offers sweeping views over the landscape—a tranquil spot to start the day with a quiet coffee or unwind under the stars.
Beyond the main residence, the property is designed for both practicality and lifestyle. The expansive brick garage comfortably houses two vehicles and features an attached studio or teenager’s retreat—ideal for additional accommodation, a creative workspace, or a home gym. For those needing extra storage or workshop
space, multiple sheds with concrete flooring, power, and high-clearance access cater to all needs, whether for tools, equipment, or larger vehicles.
A true rarity, this property offers the perfect balance of seclusion and accessibility. Whether you seek a private retreat, a working rural property, or a character-filled family home, this stunning estate presents a once-in-a-lifetime opportunity to embrace country living at its finest.
Why a Well-Styled Bathroom Matters When Selling
When preparing your home for sale, attention naturally gravitates toward big-ticket areas - kitchens, open-plan living areas, and perfectly styled outdoor entertaining zones. But one oftenoverlooked space has the potential to leave just as powerful an impression: the bathroom.
Buyers may only spend a few moments in this space, but its condition speaks volumes about the overall care and presentation of a home. A bathroom should feel like a retreat—clean, serene, and effortlessly stylish. With just a few strategic updates, you can transform an everyday bathroom into a selling point that elevates the entire property.
The Power of Presentation
The first and most essential step? Immaculate cleanliness. A gleaming bathroom signals to buyers that the home has been well cared for. Scrub tiles and grout, polish mirrors and tapware, and remove any personal clutter from benchtops. If your space is feeling tired, a fresh coat of paint—think soft neutrals or crisp whites—can instantly brighten and modernise.
Updating dated fixtures is another simple yet effective way to refresh the space. Swapping out old taps, showerheads, or even a tired vanity for sleek, contemporary alternatives instantly lifts the overall aesthetic. If your flooring has seen better days, consider replacing it with modern tiles or waterproof vinyl for a fresh and functional finish.
Luxury in the Details
It’s the small, considered touches that turn a bathroom from functional to aspirational. Plush, neatly folded towels in soft, neutral tones evoke a hotel-like luxury, while a stylish soap dispenser, chic ceramic tray, or understated decorative elements can add sophistication without clutter. A touch of greenery—whether a small potted plant or freshcut flowers—instantly brings warmth and life to the space.
Lighting also plays a key role. Harsh fluorescents can make a space feel clinical, whereas soft, layered lighting—such as a statement pendant, backlit mirror, or warm LED feature lights—creates an inviting ambience reminiscent of a day spa.
A Lasting Impression
In a competitive property market, presentation matters. A beautifully styled bathroom isn’t just about aesthetics; it helps potential buyers envision themselves in the space, enjoying moments of quiet relaxation at the start and end of each day. The goal is to create an environment that feels as inviting as it is practical—one that makes buyers pause, take notice, and remember your home for all the right reasons.
Take a look at some of our standout bathrooms from recent sales and see just how impactful thoughtful styling can be.
49 Barkly Street, Bendigo
Listing Agent: Amy Sim
A Heritage Masterpiece Reimagined
Set along one of Bendigo’s most distinguished streets, this exceptional residence is a seamless fusion of heritage grace and contemporary refinement. Behind its charming period façade, a meticulous renovation has transformed this home into a sophisticated yet serene retreat—where history is honoured, and modern living is elevated.
Stepping onto the front verandah, framed by delicate iron lacework and lush greenery, the home’s timeless appeal is immediately apparent. Inside, grand proportions, polished timber floors, and original stained glass windows whisper stories of its past, while a series of thoughtful updates bring a fresh, luxurious edge.
At the heart of the home, the newly reimagined kitchen is a study in both style and function. Crisp stone benchtops contrast beautifully with full-height cabinetry, while state-of-the-
art appliances make culinary pursuits a pleasure. A subtle reconfiguration has introduced an elegant ensuite to the master bedroom, where French doors open to a private verandah nook—an idyllic spot for morning coffee as the world stirs awake. Meanwhile, three additional bedrooms share a refined, fully renovated bathroom, while a spacious laundry has been enhanced with an extra toilet and shower.
Beyond the interiors, the property’s setting is nothing short
of extraordinary. Positioned just moments from the arts precinct, Queen Elizabeth Oval, and Bendigo’s bustling café scene, this home offers a coveted central lifestyle while retaining a rare sense of sanctuary. Dual access from Rosalind Lane ensures seamless entry, with a double garage providing secure off-street parking—an enviable asset in this premier locale.
A true jewel of the property is the original stables, thoughtfully restored and repurposed. With power, plumbing, and climate
control, this versatile space lends itself to a myriad of possibilities—an artist’s studio, guest accommodation, or a stylish workshop, all within the home’s historic footprint.
Framing the residence, the gardens are a private, botanical haven. Towering trees and
manicured hedges create a cocoon of tranquillity. At the heart of the backyard, a sleek new lap pool takes centre stage, bordered by a broad timber deck—perfect for alfresco dining, sun-drenched afternoons, or moonlit gatherings.
Every inch of this home has been considered, every detail
carefully curated to strike the perfect balance between past and present. A rare offering in one of Bendigo’s most tightly held locations, this residence is more than a home—it’s a lifestyle, an experience, and a timeless work of art.
Glenn Rea - 0429 027 220
Bec Allen - 0438 528 091
Drew Stratton - 0414 576 371
Michael Brooks - 0418 135 444
Amy Sim - 0427 703 661
Jayden Donaldson - 0437 177 379
Vanessa Appleby - 0413 543 897
Amy Arthur - 0431 684 818
Greg Heard - 0436 200 250
Darcie Fry - 0436 200 250
Adam Hutton - 0419 222 418
JJ Miles - 0431 058 700
Jayden Donaldson
Meet Jayden: A Bendigo local with a passion for property, Jayden brings expert knowledge and a confident, approachable style to real estate, especially in Junortoun and Strathfieldsaye.
When is the best time to sell a home?
Whenever you are ready! With the exception of the week or two before and after Christmas, there truly isn't a ‘bad’ time to sell in Bendigo. Of course, Spring traditionally is perceived as the best-selling season due to more activity and the gardens looking their best but with that comes more competition due to higher stock levels.
What do you like to do in your spare time?
If I am not spending time with my kids I love getting down to Strath Storm FNC and helping out there or playing golf with mates. I am a bit of a movie fanatic too.
What are your favourite things about [neighborhood you specialize in]?
I love listing and selling all over Bendigo but I feel particularly confident selling properties in the community I grew up in and currently live, Junortoun
and Strathfieldsaye. There's a level of expertise and local knowledge that I can bring to that particular sale that I feel few others can and I know that confidence and expertise resonates both with buyers and sellers.
How
did you get into real estate?
I always had a passion for property and marketing is what I studied in my early 20s so I had toyed with the idea of working in real estate when I moved back to Bendigo but the right opportunity didn't present itself. A few years later my close mate Nick Hall started working at McKean McGregor where I was introduced to Glenn Rea and the rest is history. I knew 2 weeks into the job that this is the company and industry for me!
What's
your favourite restaurant in town?
The Woodhouse is hard to beat. You won’t find a better steak anywhere in Victoria. Tyson’s Reef Hotel is always a good feed and friendly service as well.
The Growing Demand for Fully Furnished Rentals in Bendigo
As the demand for flexible and convenient living solutions grows, fully furnished rental accommodations have become a key component of the Bendigo housing market. Offering an appealing alternative to traditional leases and short-term stays, these rentals provide a home-like experience with minimal hassle. Nathan Ludeman, McKean McGregor Property Management Department Manager, shares insights into why these rentals are thriving and who benefits the most from them.
Prime Locations for Fully Furnished Rentals
Fully furnished rentals in Bendigo are predominantly found in the city centre and surrounding the Bendigo Hospital. "The majority of them are located in these areas, and they work
best due to the demand from hospital staff and other professionals," Ludeman explains. Given the hospital’s status as the largest employer in town, there is a steady influx of medical professionals who require accommodation for 12-month contracts.
Property Types and Furnishing Trends
When it comes to the types of properties that work well as fully furnished rentals, there is a broad spectrum. "Anything from one-bedroom apartments to four-bedroom homes can be successfully converted," says Ludeman. However, two-bedroom, one-bathroom, and threebedroom, two-bathroom homes tend to perform the best. "One-bedroom and two-bedroom
properties seem to maintain occupancy rates all year round, while larger homes, such as threebedroom or four-bedroom properties, tend to move better at the start and end of the year."
Presentation plays a crucial role in attracting tenants. Ludeman advises landlords to focus on modern, universally appealing furnishings rather than period-style or heavily personalized decor. "Older homes can work well, but the furniture needs to have broad appeal. Tenants coming from Melbourne, Sydney, or overseas often seek something that feels familiar and comfortable," he notes.
Another key factor is low maintenance. "Tenants moving into fully furnished rentals generally bring only their clothes and food. They aren’t bringing gardening tools, so we encourage landlords to manage garden maintenance," Ludeman explains. This approach ensures that properties remain attractive and hassle-free for tenants.
Why Fully Furnished Rentals Are in Demand
Bendigo’s strong need for contract workers has significantly contributed to the rising demand for fully furnished rentals. Ludeman highlights that various industries, particularly healthcare, frequently require professionals to relocate for temporary contracts. "With major projects like the GV Hub, the law courts, and other infrastructure
developments, contractors often come to town for six or twelve months," he says.
Professionals seek accommodations that offer more comfort than a hotel but at a lower cost than a year-long Airbnb stay. "Doctors, nurses, and other medical staff make up the majority of fully furnished rental tenants due to 12-month contracts at the hospital. Many properties have housed a rotation of doctors for years, with each new contract seamlessly transitioning to the next occupant," Ludeman shares.
Aside from healthcare workers, other professionals, including tradespeople and corporate employees, frequently rent fully furnished properties. "People who are relocating for work and want to experience Bendigo before committing to a property purchase also find these rentals ideal," he adds.
Market Trends and Occupancy Rates
The demand for fully furnished rentals fluctuates throughout the year, with peak periods occurring from November to February. "This is when most doctors and nurses arrive for new contracts, and it’s also a time when people prefer to start fresh in a new location," Ludeman explains.
Availability remains tight, with high occupancy rates. "Right now, I only have two properties available, and they just became vacant. The market is strong, with fully furnished rentals maintaining approximately 95% occupancy over the past 18 months," he reveals.
Fully Furnished Rentals vs. Short-Term Accommodation
For landlords weighing the benefits of fully furnished rentals versus short-term accommodations like Airbnb, Ludeman outlines several advantages. "The biggest benefit is consistent income. With a long-term furnished rental, landlords know they have a steady stream of rent rather than the unpredictable income of short-term stays."
Another key advantage is reduced maintenance. "With short-term accommodation, landlords often have to clean and prepare the property frequently, sometimes after just one or two nights. This can become time-consuming and expensive if professional cleaning services are required."
Additionally, operating a fully furnished rental means fewer ongoing costs. "With an Airbnb, the landlord typically pays for electricity, gas, water, and internet, which can lead to unexpected expenses. In a fully furnished rental, these costs are the tenant’s responsibility, providing financial predictability for landlords," Ludeman explains.
Something to consider
Fully furnished rentals are a vital part of the Bendigo housing market, catering to professionals seeking temporary housing solutions. Their popularity continues to rise, driven by demand from medical staff, contractors, and professionals relocating for work. For landlords, they offer a stable and low-maintenance investment opportunity compared to short-term accommodation options.
With high occupancy rates and strong demand, now may be the perfect time for property owners to consider entering the fully furnished rental market. Whether for a one-bedroom apartment or a spacious family home, offering a well-furnished, low-maintenance property in a prime location can be a lucrative and rewarding investment.
For more information or to discuss whether Fully Furnished Rental accommodation may suit you, contact Nathan Ludeman on 0400 936 025 or contact the McKean McGregor office on 03 5454 6600.
MAIDEN GULLY
Less than 10 minutes from the city centre, this booming suburb is known for its large allotments and family-friendly neighbourhoods.
With new subdivisions continuing to open up, and local schools growing alongside the home builds, this is an area that is known for its community spirit.
Maiden Gully was named in 1845 after a farmer from Moama, James Maiden. Driving his cattle to holding pens in Bendigo at the start of the gold rush, the area was originally simply referred to as ‘Maidens’. The population of Maiden Gully fluctuated along with the changes of the decades: gold, drought, depression and wars all impacted the area, but between the late 1930s and the 1970s the growth rate increased as the suburb slowly opened up subdivisions.
The early 1990s saw a real level of growth in the area and despite easy access to the city, Eaglehawk, Kangaroo Flat, Golden Square and Maiden Gully
quickly established its own services – alongside a primary school (once known as Myers Creek State School), there was soon childcare, a supermarket, chemist and post office. The introduction of Marist College in 2015 provided additional educational options for local families.
There are quite a few sites of significance throughout Maiden Gully. The former home of the Monsants family has undergone growth and restoration over the
years and is the location of the iconic eating establishment, Pratty’s Patch. Bendigo’s successful winery industry was greatly impacted by the widespread Phylloxera virus in the late 1800s until Stewart Anderson opened Balgownie Winery in 1968 – now a venue offering food and accommodation alongside its award-winning wines. Ninnes Grave, the final resting place of the wife and two daughters of a Cornish miner, sits alone as it has done since 1852, and there are quite a few other
notable buildings in the suburb dating back to the 1870s
With so many amenities in close proximity and infrastructure established as the population continues to grow, this part of the city has become very popular with young families over the last two decades. Nearby bushland, spacious allotments and community events have all ensured that this is an excellent place to raise children and enjoy a quality country lifestyle.
Maiden Gully at a Glance:
Information based on 2021 Census Results
Population: 5,518
Male: 50%
Female: 50%
Median Age: 37
Families: 1,545
Private dwellings: 1,870
Average people per household: 3.1
Median monthly mortgage repayments: $1,690
Median weekly rent: $380
A rural retreat of unparalleled elegance
Set on 19.39 acres of pristine landscape, this extraordinary property offers a seamless blend of refined elegance and practical functionality. Designed for those seeking a balance of luxury and tranquillity, it is more than a home—it is a sanctuary.
A secure entrance with an automatic gate leads across a tranquil creek, setting the tone for the serenity within. The circular driveway guides you to the heart of the homestead, where a rendered façade, intricate fretwork, and wide verandah create an inviting first impression.
Step inside, and the home unfolds in a symphony of space and natural light. Lofty ceilings and a generous hallway enhance the grandeur, while Tasmanian
Oak flooring adds warmth and continuity. Expansive windows frame stunning rural vistas, reinforcing the sense of calm and openness.
The master suite is a luxurious retreat, complete with a walkin robe and an opulent ensuite with floor-to-ceiling tiles. Four additional bedrooms provide ample accommodation, each designed for privacy and comfort. Three distinct living areas ensure versatility, creating a seamless
flow between spaces for entertaining or quiet relaxation.
At the heart of the home, the kitchen is both stylish and functional. Featuring an integrated dishwasher, an oversized walk-in pantry, and a convenient servery window, it is a space designed for effortless living. Thoughtful sustainability measures include 24 solar panels and a 110,000L water tank, ensuring long-term efficiency.
Outdoor living is elevated to an
art form. The expansive alfresco area, complete with a built-in kitchen, bar, wood fireplace, and pizza oven, is perfect for year-round entertaining. Beyond, a lush, irrigated lawn leads to the magnesium pool—a serene retreat with temperature control for all-season enjoyment.
The property is well-equipped for those with equestrian interests or hobby farming aspirations, with a fully fenced paddock providing an ideal space for livestock. A
12m x 8m shed, complete with an additional 4m x 8m carport, mezzanine storage, concrete flooring, and power, offers ample room for vehicles, equipment, or a home business.
Bordering Lyall State Forest, the property is a haven of seclusion, with a small dam and creek access enhancing its natural beauty. Designed as a true “walk-in, walk-out” offering, all elements—landscaping, fencing, pool, and shedding—are in
place, allowing the next owner to immediately embrace this unparalleled lifestyle.
Just minutes from Strathfieldsaye and within 20 minutes of Bendigo’s CBD, this residence combines the best of rural living with modern convenience. Proximity to Lake Eppalock and excellent schools further enhance its appeal, making it the ultimate lifestyle opportunity for those seeking space, privacy, and refined country living.
Bendigo’s Commercial and Industrial Market: A Promising Outlook for 2025
As we move further into 2025, Bendigo’s commercial and industrial property market continues to evolve, shaped by strong leasing activity, a diverse range of asset types hitting the market, and a measured but growing confidence among developers. While buyers remain diligent and selective, there is clear momentum building, signalling a promising period ahead for the region’s commercial and industrial property sector.
A Diverse Range of Properties Coming to Market
The early months of 2025 have brought an increased variety of properties either hitting or preparing to come to market. Spanning hospitality, office, commercial, and industrial sectors, this diversification reflects the broad opportunities available and the adaptability of the market to changing economic conditions.
Industrial properties remain tightly held, with warehouses with yard space continuing to generate strong interest. Office spaces—particularly high-quality, well-located offerings—are attracting tenants who recognize the long-term value in securing premium workspaces. With each interest rate reduction, the attractiveness of commercial property investment increases. Investors are expected to explore well located tenanted properties with strong leases for alternate investment returns.
With such a diverse asset mix available, buyers are carefully assessing each opportunity, ensuring they align with their strategic investment goals before committing.
Leasing Activity Holds Strong
The leasing market in Bendigo has remained resilient,
with steady demand across multiple sectors. Industrial leasing, in particular, continues to perform well, with businesses securing space to accommodate expansion or streamline operations.
Tenants willing to pay a premium for properties that offer flexibility, strong locations, and high-quality fitouts. Businesses are increasingly focused on securing premises that meet their long-term needs while also providing a positive experience for employees and customers alike.
As a result, landlords who invest in well-maintained, modern spaces are best positioned to attract quality tenants and achieve strong leasing outcomes.
Developers Adapting to Market Needs
After a period of caution, confidence among developers is beginning to return, with several projects now progressing across the Bendigo region. However, the development landscape has evolved, with a clear shift toward more adaptable and market-driven projects.
Rather than speculative large-scale developments, many projects are being carefully tailored to current demand. This means a focus on well-located industrial and commercial spaces that can accommodate flexible business needs.
Government infrastructure spending and predicted interest rate relief are also contributing to renewed optimism, with developers recognising that strategic investments made now could pay dividends in the near future.
Buyers Taking a Cautious, Strategic Approach
While interest in Bendigo’s property market remains strong, buyers are demonstrating a more considered and diligent approach. The days of rapid decisionmaking and speculative purchases have given way to detailed due diligence and careful assessment of opportunities.
While this measured approach may extend transaction timelines, it also reflects a maturing market where well-priced, high-quality properties continue to attract strong interest.
A Market Positioned for Growth
Looking ahead, Bendigo’s commercial and industrial property market remains in a strong position. With a diverse range of assets available, steady leasing demand, and developers adjusting to market needs, the region is well-placed for continued growth.
Buyers may be taking their time, but the underlying fundamentals remain positive—those who secure welllocated, quality properties now are likely to benefit in the years to come.
8 Maynard Drive, Epsom
1/90 Victa Road, East Bendigo
123-127 High Street, Kangaroo Flat
Hume & Iser: A Legacy of Service, Community, and Generations of Trust
In the heart of Bendigo, a city renowned for its rich history and vibrant community spirit, stands Hume & Iser Mitre 10—a testament to enduring family enterprise and unwavering dedication to local service. Established in the 1880’s by William Hümme and Henry Iser, both immigrants from Hamburg, Germany, the company began as a humble timber supplier catering to the burgeoning goldfields. Over the decades, it has evolved into one of Australia's oldest familyowned hardware businesses, now under the leadership of CEO David Pontell.
Reflecting on the company's journey, Pontell remarks, "Our founders laid a foundation of hard work and community focus. It's a legacy we've strived to uphold through five generations.
The early 20th century posed significant challenges, especially during the World Wars. Despite their German heritage, the Hümme and Iser families remained integral to the Bendigo community, a testament to their deep-rooted local ties. This connection enabled them to navigate periods of adversity, including the Great Depression and more recent economic downturns.
In the 1980s, under the guidance of Managing Director Stephen Iser, the company expanded its horizons by joining the Home Timber & Hardware group. This move marked a pivotal shift from a primarily trade-focused timber supplier to a comprehensive hardware retailer, balancing both trade and retail operations. The transformation continued in 2018 when Hume & Iser became the first Home store to undergo the Mitre 10 Sapphire transformation program, enhancing its retail and trade facilities to better serve the community.
Beyond its commercial endeavours, Hume & Iser has consistently prioritised community engagement. The company supports various local initiatives, including Bendigo Foodshare, which addresses food insecurity, and the Men's Shed movement, promoting men's health and wellbeing. Additionally, CEO David Pontell and Sales Manager Paul Woolley have played leading roles in organising Bendigo's Biggest Ever Blokes' Lunch, an annual event raising funds to combat prostate cancer.
Pontell emphasises, "Our commitment extends beyond business. We believe in giving
back to the community that has supported us for over a century. This philosophy is evident in the company's recent initiatives, such as the integration of Bendigo Mower Service into the Hume & Iser family, combining over 50 years of lawn care expertise with their trusted legacy. They've also introduced services like the DIY dog wash facility, catering to the diverse needs of Bendigo residents.
As Hume & Iser looks to the future, the focus remains on innovation while honouring tradition. The company's resilience and adaptability have been key to its longevity. Pontell reflects, "Our history is a source of pride, but it's our commitment to evolving with the times and serving our community that will define our future. In an era where businesses often prioritise rapid expansion and short-term gains, Hume & Iser Mitre 10 stands as a beacon of enduring values, community dedication, and a legacy built on trust and service. As Bendigo continues to grow and change, this family-owned enterprise remains a steadfast partner, committed to building a brighter future alongside its community.
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