Suburb Profile Report for Benalla VIC (3672)

Benalla House: Median price $231,000, Annual capital growth 1.42%, Number of sales 204, Weekly median advertised rent $270

Benalla Unit: Median price $178,000, Annual capital growth 1.05%, Number of sales 34, Weekly median advertised rent $195

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.43% for the last 12 months, Benalla, 3672 has performed for property investments than its average annual 1.42% property growth over the last 5 years.

While Benalla,3672 ranked number 585th in VIC for increase in median house value (annualised) increase, it is ranked 599th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Benalla, 3672. Typically our figures indicate that -6.54% is being offered, which puts this VIC suburb at 1406th most discounted overall in Australia.

Property investors should expect to get $270 weekly from the median priced house in this suburb.

Benalla has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -9.87% to date .

Benalla,3672 has offered an average of -9.87% return per annum in house price rises to property investors over the last three years.

Benalla, 3672 is offering VIC ‘s 107th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

Using the current median advertised rental of $195 and the average annual increase in value of a median property of 1.05%, investors should hope to achieve an overall return of 5.70%

Metrics i HOUSE UNIT
$231,000 $178,000
-0.22% N/A
0.43% -9.87%
1.42% 1.05%
$270 $195
204 34
6.08% 5.70%
123.88 136.04

Source: CoreLogic

DSR Score for property investment : Above average (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