Suburb Profile Report for Benalla VIC (3672)

Benalla House: Median price $279,000, Annual capital growth 3.06%, Number of sales 214, Weekly median advertised rent $300

Benalla Unit: Median price $187,500, Annual capital growth 1.52%, Number of sales 22, Weekly median advertised rent $220

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Benalla have tracked just higher than the VIC average of 1.54% over the last 12 months.

Taking the average capital gain, or increase in median house value, Benalla,3672 has racked up an average of 9.41% over the period. This ranks it number 950th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Benalla is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 430th in terms of most discounted suburbs in VIC

The VIC suburb of Benalla, 3672 is in the Benalla (RC) local government area.

Over the last year, property investments in Benalla, 3672 have given investors a capital gain of 0.54%. This compares averagely with the 1.93% for VIC as a whole.

Across a shorter period, Benalla, 3672 has seen a median price increase of -0.79% over the last quarter.

Property buyers and investors in Benalla 3672 should be seeing an average reduction in asking price of around -5.03% . This means that Benalla is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.

Benalla is 15th on a list of best yielding suburbs for rents in VIC with a 6.10% return

Metrics i HOUSE UNIT
$279,000 $187,500
1.82% -0.79%
9.41% 0.54%
3.06% 1.52%
$300 $220
214 22
5.59% 6.10%
78.62329 103

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. 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 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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