Suburb Profile Report for Benalla VIC (3672)

Benalla House: Median price $236,750, Annual capital growth 1.61%, Number of sales 227, Weekly median advertised rent $280

Benalla Unit: Median price $178,000, Annual capital growth 3.78%, Number of sales 38, Weekly median advertised rent $205

  • 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 Benalla, 3672 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.93%

A 7.61% growth in median value for property investors in Benalla,3672 puts this suburb at number 451th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Benalla is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 130th in terms of most discounted suburbs in VIC

At number 3293 in a list of fastest selling suburbs, Benalla is in the bottom 20% of suburbs in Australia with an average of days on market 120.34 for properties listed there.

At number 1414th in the list of Australian suburbs ordered by increase in median house value over the last year, Benalla, 3672 is in the BOTTOM 20% with a property value increase of -5.32% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Benalla,3672 has racked up an average of -5.32% over the period. This ranks it number 1231th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Benalla should be aiming for at least -5.17% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $205 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$236,750 $178,000
1.10% N/A
2.93% -5.32%
1.61% 3.78%
$280 $205
227 38
6.15% 5.99%
120.34 134.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Benalla VIC
Demographics
Total population 10333
Median household income ($/weekly) 793
Median age of persons 46
Median housing loan repayment ($/monthly) 1200
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1232 11.9
    35-44 years 1108 10.7
    45-54 years 1462 14.2
    55-64 years 1457 14.1
    65-74 years 1115 10.8
    Others 3958 38.3
    Age Group
    Census Count Percent(%)
    Registered Married 3705 49.0
    Not Married 3208 42.4
    Defacto Relationship 654 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 9055 91.5
    Greece 88 0.9
    Papua New Guinea 74 0.7
    United Kingdom 254 2.6
    Other 103 1.0
    Others 319 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 59 0.6
    Christianity 6765 71.8
    Hinduism 66 0.7
    Other Religious Groups 18 0.2
    No Religion 2498 26.5
    Others 13 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 470 12.1
    $400-$599 642 16.6
    $600-$799 542 14.0
    $800-$999 389 10.1
    $1,500-$1,999 392 10.1
    Others 1435 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3630 44.4
    Employed, worked full-time 2511 30.7
    Employed, worked part-time 1485 18.1
    Employed, away from work 322 3.9
    Unemployed, looking for work 234 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 517 12.0
    Professionals 641 14.8
    Technicians & trades workers 675 15.6
    Clerical & administrative workers 503 11.7
    Labourers 603 14.0
    Others 1378 31.9
    Occupation
    Census Count Percent(%)
    Pre-school 163 7.9
    Infants/Primary 778 37.9
    Secondary 718 35.0
    Technical or Further Educational Institution 238 11.6
    University or other Tertiary Institutions 112 5.5
    Others 45 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8586 90.7
    Semi-detached, row or terrace house, townhouse 423 4.5
    Flat, unit or apartment 395 4.2
    House or flat attached to a shop, office 40 0.4
    Caravan, cabin, houseboat 23 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1670 40.3
    Being purchased 1216 29.4
    Rented 1197 28.9
    Other tenure type 57 1.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals