Suburb Profile Report for Benowa QLD (4217)

Benowa House: Median price $876,000, Annual capital growth 2.37%, Number of sales 158, Weekly median advertised rent $690

Benowa Unit: Median price $634,000, Annual capital growth 5.79%, Number of sales 136, Weekly median advertised rent $575

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Benowa have tracked higher than the QLD average of 2.45% over the last 12 months.

If we look at median property appreciation over just the last three months, Benowa has given property investors a paper return of -0.45%. This puts Suburb as 555 on a list of fastest fasting appreciating suburbs in QLD

Benowa, 4217 is offering QLD ‘s 473th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

In the last year 158 properties changed hands in Benowa, which puts it as the 100th most active market in QLD when comparing the number of sales per suburb.

The QLD suburb of Benowa, 4217 is in the Gold Coast local government area.

Property value increases in Benowa have tracked higher than the QLD average of 0.29% over the last 12 months.

The five-year average increase in median property values for Benowa,4217 has given property investors a potential capital gain of 3.51% across each of those five years.

The most recent median price for Benowa is $634000, with sellers offering an average of -5.32% off the asking price.

At number 854 in a list of fastest selling suburbs, Benowa is just in the bottom half of suburbs in Australia with an average of days on market 79.88 for properties listed there.

Using the current median advertised rental of $575 and the average annual increase in value of a median property of 5.79%, investors should hope to achieve an overall return of 4.72%

Metrics i HOUSE UNIT
$876,000 $634,000
-0.45% 8.61%
9.50% 36.34%
2.37% 5.79%
$690 $575
158 136
4.10% 4.72%
62.75 79.88

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7978
Median household income ($/weekly) 1387
Median age of persons 42
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1169 14.7
    35-44 years 1119 14.0
    45-54 years 1265 15.9
    55-64 years 1048 13.1
    65-74 years 722 9.0
    Others 2656 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 3208 55.1
    Not Married 2217 38.1
    Defacto Relationship 396 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5005 66.1
    South Korea 163 2.2
    Papua New Guinea 562 7.4
    United Kingdom 570 7.5
    Other 346 4.6
    Others 923 12.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 196 2.7
    Christianity 5434 74.2
    Islam 65 0.9
    Other Religious Groups 64 0.9
    No Religion 1467 20.0
    Others 94 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 227 9.4
    $600-$799 218 9.0
    $1,500-$1,999 279 11.6
    $2,000-$2,499 214 8.9
    $2,500-$2,999 238 9.9
    Others 1237 51.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2163 35.6
    Employed, worked full-time 2153 35.4
    Employed, worked part-time 1282 21.1
    Unemployed, looking for work 259 4.3
    Employed, away from work 217 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 594 16.3
    Professionals 786 21.5
    Technicians & trades workers 418 11.4
    Clerical & administrative workers 559 15.3
    Sales 491 13.4
    Others 804 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 132 6.7
    Infants/Primary 752 38.2
    Secondary 624 31.7
    Technical or Further Educational Institution 116 5.9
    University or other Tertiary Institutions 311 15.8
    Others 36 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5128 68.7
    Semi-detached, row or terrace house, townhouse 2244 30.1
    Flat, unit or apartment 91 1.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1064 39.8
    Fully owned 978 36.6
    Rented 590 22.1
    Other tenure type 40 1.5
    Tenure Type
Census 2011, ABS
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