Benalla has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.45% to date .
While Benalla,3672 ranked number 372th in VIC for increase in median house value (annualised) increase, it is ranked 606th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.39% offered to property buyers. Sellers in Benalla itself are offering an average vendor discount of -5.73% to real estate investors.
Property investors should expect to get $280 weekly from the median priced house in this suburb.
Property value increases in Benalla have tracked higher than the VIC average of 6.03% over the last 12 months.
Over the longer term, Benalla has seen property prices show investors a 23.53% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Benalla 3672 should be seeing an average reduction in asking price of around -5.34% . This means that Benalla is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Benalla the average time real estate has been on the market is 136.73 days.
Situated 151.37km from the CBD, Benalla is one of Benalla localities in the postcode 3672.