Bendigo (Bendigo city)
These estimates of the number of years of supply are based on the average rate of lots released over a longer-term time period (between January 2018 and June 2022) and a shorter-term time period (between January 2020 and June 2022).
Recent population trends
Over the last decade, population in the City of Greater Bendigo has grown by 19,000 people to reach a population of 121,200. Around 1,000 dwellings per year have been built over the last 10 years to accommodate that population growth, with a mix of larger greenfield sites, smaller greenfield developments and infill sites.
Greenfield land is made up larger lots commonly referred to as englobo land supply. It is classified as either:
- unzoned future residential land; or;
- zoned future residential land.
At end of June 2022 there were an estimated 10,482 retail lots in unzoned and zoned englobo greenfield land. There were also enough potential major residential infill sites for an estimated 1,395 retail lots. Major infill is not included in the greenfield years of supply calculation.
Estimated retail lot supply, June 2022
Retail lots released with a title
Between 2018 and 2021 retail lot production has been averaging around 370 lots p.a. Since 2018 the level of retail lot production has been varied. However, in the first half of 2022, 152 lots have been released in Bendigo.
Greenfield retail lots with a title, 2015 to July 2022
Size of greenfield retail lots
Since 2016 the proportion of larger lots over 650 m2 has declined from nearly 70% to less than 40% in the last 2 years.
Size of greenfield retail lots with a title, 2015 to July 2022
Estimated retail lot yield by englobo lot size
Page last updated: 24/10/22