Suburb Profile Report for Benalla VIC (3672)

Benalla House: Median price $256,000, Annual capital growth 1.69%, Number of sales 276, Weekly median advertised rent $280

Benalla Unit: Median price $210,000, Annual capital growth 2.55%, Number of sales 33, Weekly median advertised rent $210

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

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.

Metrics i HOUSE UNIT
$256,000 $210,000
0.39% 7.14%
7.45% 17.98%
1.69% 2.55%
$280 $210
276 33
5.69% 5.20%
96.71 136.73

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Benalla VIC
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
Chart Table
Recent sales & rentals