With Melbourne real estate prices touching the roof, the possibility of buying a home in Melbourne remains a distant dream for many. However, this does not mean that you cannot own a home if you work in Melbourne. Bendigo house and land offers you with the most perfect solution to your desire to own a home while you work in Melbourne. Bendigo is a regional city located about 131 kilometres from Melbourne and it takes less than an hour and a half to reach Melbourne by train. The location is one of the main reasons for its popularity among those who are looking at buying Bendigo house and land package deals. Not only does the city have a rich culture and heritage based on the Victorian gold rush but it is now a city with good real estate opportunities due to the developments in the health, education and retail sectors. If you are looking at purchasing Bendigo house and land, you should know that the median price of Bendigo house and land options is less than $200,000. However, it is also important to understand that before the economic slowdown the prices of Bendigo house and land had been increasing with the 12 month trend to January 2008 clocking an 11.6 percent increase. With a u-turn in the economic trend being imminent, it is obvious that Bendigo house and land will become coveted property in no time and therefore, good returns are likely for those who take a quick decision and purchase Bendigo house and land quickly.