Suburb Profile Report for Benalla VIC (3672)

Benalla House: Median price $228,500, Annual capital growth 1.48%, Number of sales 186, Weekly median advertised rent $260

Benalla Unit: Median price $187,500, Annual capital growth 2.04%, Number of sales 24, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

Benalla, 3672 ranked 544th in VIC when comparing growth in median property values or capital gain over the last 12 months. Benalla is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Benalla has increased when compared to the 5 year average annual rate.

Vendor discounting in Benalla is giving property investors an average Vendor Discount of around -6.93%. This puts suburb at number 185th in VIC when ranking the most discounted suburbs.

In the last year 186 properties changed hands in Benalla, which puts it as the 124th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $260 weekly from the median priced house in this suburb.

With a capital gain of 8.66% for the last 12 months, Benalla, 3672 has performed for property investments than its average annual 2.04% property growth over the last 5 years.

The five-year average increase in median property values for Benalla,3672 has given property investors a potential capital gain of 1.35% across each of those five years.

Sellers are offering property buyers an average discount of -5.78% to buyers in Benalla at the moment, which is less than average for the rest of VIC.

Using the current median advertised rental of $190 and the average annual increase in value of a median property of 2.04%, investors should hope to achieve an overall return of 5.27%

HOUSE UNIT
$228,500 $187,500
-0.65% -5.78%
1.56% 8.66%
1.48% 2.04%
$260 $190
186 24
5.92% 5.27%
124.29 96.78

Source: CoreLogic

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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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