Melbourne buyers shatter Strathfieldsaye property record

22 hours ago 3

The $2.97m Strathfieldsaye estate that smashed the suburb record and backs directly onto protected National Park bushland.

Melbourne business owners have shattered Strathfieldsaye’s house price record with a $2.97m splash, almost four times the suburb’s $765,000 median.

The sale of Whitehaven at 7 Cooper Grove beat the previous suburb benchmark by $270,000. It marked the third record-setting result across the Bendigo region in the past year, signalling a clear shift at the top end.

PropTrack data shows Strathfieldsaye’s median house price sits at $765,000, up 7.4 per cent over the past 12 months.

The near-$3m result positions the suburb in a prestige tier well above its statistical norm.
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First National Bendigo director Darryn O’Keefe said the strength of the sale reflected tightening supply across the city.

Mr O’Keefe said Bendigo was facing what he estimated to be a 20 per cent housing shortage, intensifying competition for quality homes.

“When supply is tight and demand remains strong, the market holds firm,” he said.

He said hybrid work was continuing to drive Melbourne buyers into regional Victoria.

“Hybrid work has changed everything,” Mr O’Keefe said.

Resort-style pool framed by established gardens, delivering total privacy on 4250sq m.

Expansive open-plan dining and kitchen zone designed for large-scale entertaining and family living.

“People can earn Melbourne incomes while living regionally.

“The commute is still manageable an hour and a half to two hours so if they’re only travelling a couple of days a week they can enjoy an exceptional lifestyle the rest of the time.”

Mr O’Keefe said Bendigo’s infrastructure, schooling and relative affordability compared to Melbourne were attracting successful buyers who could maintain metro earning power while living regionally.

Architectural renovation blends contemporary finishes with long-established landscaped surrounds.

High-end kitchen with premium appliances and generous benchspace at the heart of the home.

The buyers were originally from Bendigo and returned after building successful businesses in Melbourne, competing in a campaign that lasted less than three weeks.

Set on 4250sq m, the property backs directly onto protected National Park bushland, delivering permanent natural outlooks and privacy that cannot be replicated in modern subdivisions.

Mr O’Keefe said two genuine buyers were competing by the second and third week despite the $2.97m price tag.

The prestige Whitehaven estate spans 4250sq m in tightly held Strathfieldsaye.

Light-filled living room overlooking manicured grounds and National Park backdrop.

“For that price point in Bendigo, it was very strong interest,” he said.

“In addition to its scale and National Park boundary, the established grounds proved decisive for buyers who had previously considered building.

“You could build a house, but you cannot recreate a 20-year-old garden.”

The home was extensively renovated and extended four years ago and includes a dedicated studio space previously used by the vendor as an artist’s workspace.