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