Suburb Profile Report for Benowa QLD (4217)

Benowa House: Median price $827,500, Annual capital growth 3.31%, Number of sales 159, Weekly median advertised rent $650

Benowa Unit: Median price $535,000, Annual capital growth 4.04%, Number of sales 103, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 7.82% for the last 12 months, Benowa, 4217 has performed for property investments than its average annual 3.31% property growth over the last 5 years.

A 31.35% growth in median value for property investors in Benowa,4217 puts this suburb at number 120th in terms of best performing suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Benowa is offering property investors an average of -7.29. This rate of discount on properties puts Suburb at number 589th in terms of most discounted suburbs in QLD

Renters in Suburb are facing rents around $7800 per annum or $650 every week.

Benowa has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.79% to date .

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.

Benowa, 4217 is offering QLD ‘s 89th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.

At number 967 in a list of fastest selling suburbs, Benowa is in the bottom 40% of suburbs in Australia with an average of days on market 90.01 for properties listed there.

With the median price for a house in Benowa being $535000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 6.32%

HOUSE UNIT
$827,500 $535,000
4.09% 1.52%
7.82% -1.79%
3.31% 4.04%
$650 $650
159 103
4.08% 6.32%
67.67 90.01

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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