Suburb Profile Report for Benowa QLD (4217)

Benowa House: Median price $1,027,500, Annual capital growth 4.18%, Number of sales 236, Weekly median advertised rent $800

Benowa Unit: Median price $599,000, Annual capital growth 4.20%, Number of sales 119, Weekly median advertised rent $525

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 16.10% for the last 12 months, Benowa, 4217 has performed for property investments than its average annual 4.18% property growth over the last 5 years.

The five-year average increase in median property values for Benowa,4217 has given property investors a potential capital gain of 28.44% across each of those five years.

Sellers are offering property buyers an average discount of -5.64% to buyers in Benowa at the moment, which is less than average for the rest of QLD.

In the last year 236 properties changed hands in Benowa, which puts it as the 74th most active market in QLD when comparing the number of sales per suburb.

Situated 69.70km from the CBD, Benowa is one of Gold Coast (C) localities in the postcode 4217.

Property value increases in Benowa have tracked higher than the QLD average of 8.71% over the last 12 months.

A 11.18% growth in median value for property investors in Benowa,4217 puts this suburb at number 27th in terms of best performing suburbs in QLD

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 Benowa, 4217. Typically our figures indicate that -5.88% is being offered, which puts this QLD suburb at 142th most discounted overall in Australia.

Property investors should expect to get $525 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,027,500 $599,000
1.73% 9.41%
16.10% 25.05%
4.18% 4.20%
$800 $525
236 119
4.05% 4.56%
69.0116279069768 85.9268292682927

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7978
Median household income ($/weekly) 1387
Median age of persons 42
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1169 14.7
    35-44 years 1119 14.0
    45-54 years 1265 15.9
    55-64 years 1048 13.1
    65-74 years 722 9.0
    Others 2656 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 3208 55.1
    Not Married 2217 38.1
    Defacto Relationship 396 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5005 66.1
    South Korea 163 2.2
    Papua New Guinea 562 7.4
    United Kingdom 570 7.5
    Other 346 4.6
    Others 923 12.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 196 2.7
    Christianity 5434 74.2
    Islam 65 0.9
    Other Religious Groups 64 0.9
    No Religion 1467 20.0
    Others 94 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 227 9.4
    $600-$799 218 9.0
    $1,500-$1,999 279 11.6
    $2,000-$2,499 214 8.9
    $2,500-$2,999 238 9.9
    Others 1237 51.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2163 35.6
    Employed, worked full-time 2153 35.4
    Employed, worked part-time 1282 21.1
    Unemployed, looking for work 259 4.3
    Employed, away from work 217 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 594 16.3
    Professionals 786 21.5
    Technicians & trades workers 418 11.4
    Clerical & administrative workers 559 15.3
    Sales 491 13.4
    Others 804 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 132 6.7
    Infants/Primary 752 38.2
    Secondary 624 31.7
    Technical or Further Educational Institution 116 5.9
    University or other Tertiary Institutions 311 15.8
    Others 36 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5128 68.7
    Semi-detached, row or terrace house, townhouse 2244 30.1
    Flat, unit or apartment 91 1.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1064 39.8
    Fully owned 978 36.6
    Rented 590 22.1
    Other tenure type 40 1.5
    Tenure Type
Census 2011, ABS
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