Suburb Profile Report for Benowa QLD (4217)

Benowa House: Median price $870,000, Annual capital growth 3.31%, Number of sales 160, Weekly median advertised rent $680

Benowa Unit: Median price $480,000, Annual capital growth 1.73%, Number of sales 116, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report

Benowa is in the TOP 10% in QLD when comparing median price capital growth over the last year. Benowa gave property investors a very good capital gain figure when compared to the rest of the state, with 15.77%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Benowa has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Benowa should be aiming for at least -5.57% off the asking price, which is the average vendor discount being achieved at the moment.

Benowa, 4217’s gross rental yield is 4.06%

If you compare the increase in value of investment property in Benowa, 4217 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -8.57%.

When looking at the potential capital gains offered to property investors over the last 3 years, Benowa comes in at number 320th in QLD.

Vendor discounting in Benowa is giving property investors an average Vendor Discount of around -5.24%. This puts suburb at number 197th in QLD when ranking the most discounted suburbs.

Property investors should expect to get $650 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$870,000 $480,000
6.10% 0.21%
15.77% -8.57%
3.31% 1.73%
$680 $650
160 116
4.06% 7.04%
64.22 83.67

Source: CoreLogic

DSR Score for property investment : Above average (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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