Suburb Profile Report for Benalla VIC (3672)

Benalla House: Median price $230,000, Annual capital growth 1.00%, Number of sales 204, Weekly median advertised rent $270

Benalla Unit: Median price $185,000, Annual capital growth 1.21%, Number of sales 22, Weekly median advertised rent $195

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.06% which means that Benalla, 3672 has done well for property investors by showing a capital gain of 3.14% over the last year

Over the longer term, Benalla has seen property prices show investors a 1.10% return over the last 3 years. This is an improvement over the last 12 months

At number 204th of VIC’s most discounted properties, Benalla is in the bottom 40% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Benalla being $230000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 6.10%

At number 603th in the list of Australian suburbs ordered by increase in median house value over the last year, Benalla, 3672 is in the top 40% with a property value increase of 6.32% recorded in median house prices.

The five-year average increase in median property values for Benalla,3672 has given property investors a potential capital gain of 2.78% across each of those five years.

Our latest figures would indicate that property sellers in Benalla are currently offering property investors an average price cut of -7.16% below the asking price at the moment.

HOUSE UNIT
$230,000 $185,000
0.00% -1.33%
3.14% 6.32%
1.00% 1.21%
$270 $195
204 22
6.10% 5.48%
134.19 133.86

Source: CoreLogic

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