Suburb Profile Report for Benowa QLD (4217)

Benowa House: Median price $876,000, Annual capital growth 2.74%, Number of sales 151, Weekly median advertised rent $670

Benowa Unit: Median price $480,000, Annual capital growth 1.89%, Number of sales 121, Weekly median advertised rent $615

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Benowa, 4217 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.83%

When looking at the potential capital gains offered to property investors over the last 3 years, Benowa comes in at number 88th in QLD.

Our latest figures would indicate that property sellers in Benowa are currently offering property investors an average price cut of -6.01% below the asking price at the moment.

With the median price for a house in Benowa being $876000 and the advertised rent reaching $670 the gross rental yield for property investors calculates out to be 3.98%

Giving property investors a an unimpressive capital gain of -4.00% for the last year, Benowa, 4217 is the 1356th highest performer in Australia in this respect.

While Benowa,4217 ranked number 112th in QLD for increase in median house value (annualised) increase, it is ranked 289th over the last 5 years.

Our latest figures would indicate that property sellers in Benowa are currently offering property investors an average price cut of -5.35% below the asking price at the moment.

At number 768 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 79.17 for properties listed there.

With the median price for a house in Benowa being $480000 and the advertised rent reaching $615 the gross rental yield for property investors calculates out to be 6.66%

Metrics i HOUSE UNIT
$876,000 $480,000
5.23% 1.05%
20.83% -4.00%
2.74% 1.89%
$670 $615
151 121
3.98% 6.66%
66.45 79.17

Source: CoreLogic

DSR Score for property investment : Good (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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