If you compare the increase in value of investment property in Benalla, 3672 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.20%.
Benalla,3672 has offered an average of 8.20% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Benalla itself are offering an average vendor discount of -4.46% to real estate investors.
With the median price for a house in Benalla being $270500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.57%
VIC has seen average median house prices change by 3.42% which means that Benalla, 3672 has done well for property investors by showing a capital gain of 4.59% over the last year
Across a shorter period, Benalla, 3672 has seen a median price increase of -9.05% over the last quarter.
Our latest figures would indicate that property sellers in Benalla are currently offering property investors an average price cut of -4.53% below the asking price at the moment.
A $210 per week rent on the median house gives suburb investors a gross yield of circa 5.64%, without taking into account capital value appreciation, which has been averaging out at 0.90%.