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.