Suburb Profile Report for Benalla VIC (3672)

Benalla House: Median price $232,000, Annual capital growth 1.09%, Number of sales 202, Weekly median advertised rent $273

Benalla Unit: Median price $185,000, Annual capital growth 1.14%, Number of sales 24, Weekly median advertised rent $198

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1916th in the list of Australian suburbs ordered by increase in median house value over the last year, Benalla, 3672 is in the top half with a property value increase of 5.45% recorded in median house prices.

Comparing Benalla,3672 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Benalla3672 is located in VIC which offers an average discount of -6.00% to property investors. Benalla itself is showing figures that indicate -6.54% is the average achievable by property buyers investing in the suburb.

Investment property in Benalla has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.37%

Across a shorter period, Benalla, 3672 has seen a median price increase of 1.93% over the last quarter.

Our latest figures would indicate that property sellers in Benalla are currently offering property investors an average price cut of -6.64% below the asking price at the moment.

At number 1429 in a list of fastest selling suburbs, Benalla is in the bottom 10% of suburbs in Australia with an average of days on market 145.25 for properties listed there.

With the median price for a house in Benalla being $185000 and the advertised rent reaching $197.5 the gross rental yield for property investors calculates out to be 5.55%

HOUSE UNIT
$232,000 $185,000
-1.28% 1.93%
5.45% 1.37%
1.09% 1.14%
$273 $198
202 24
6.11% 5.55%
136.91 145.25

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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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