Suburb Profile Report for Benowa QLD (4217)

Benowa House: Median price $835,000, Annual capital growth 3.07%, Number of sales 164, Weekly median advertised rent $650

Benowa Unit: Median price $539,000, Annual capital growth 2.81%, Number of sales 98, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.38% which means that Benowa, 4217 has done well for property investors by showing a capital gain of 8.02% over the last year

Benowa,4217 has offered an average of 8.02% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Benowa are currently offering property investors an average price cut of -5.36% below the asking price at the moment.

Residents and property investors in Benowa have been waiting around 63.96 days to sell a property.

Advertised rents are around the $650 mark per week – giving a return of 4.05% based on the median price in Suburb

At number 1295th in the list of Australian suburbs ordered by increase in median house value over the last year, Benowa, 4217 is in the BOTTOM 30% with a property value increase of -2.36% recorded in median house prices.

Over the longer term, Benowa has seen property prices show investors a 0.65% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Benowa should be aiming for at least -5.37% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Benowa the average time real estate has been on the market is 86.4 days.

Benowa, 4217’s gross rental yield is 6.27%

Metrics i HOUSE UNIT
$835,000 $539,000
4.38% -1.10%
8.02% -2.36%
3.07% 2.81%
$650 $650
164 98
4.05% 6.27%
63.96 86.4

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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Recent sales & rentals