AREA REPORTS

Benowa

 

 

QLD/
Benowa

Suburb Profile

Benowa - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4217

house
unit

BENOWA, 4217 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling BENOWA, 4217 values up and netting property investors a capital gain of 1.14% for the past year.

Investors saw the median home price rise to $885,000.

Profits due to an upward trend in home prices in the suburb averaged 4.98% per annum over a 3-year period.

BENOWA now ranks at the 411th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BENOWA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $780 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BENOWA, homes and units usually stay on listing for an average of 71.4 days.

In 2016, 135 properties were sold in BENOWA during the past year, making it the 748th most active market in QLD based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $885,000 $538,000
GROWTH REPORT
Median Quarterly 0.28% 12.91%
Median 12 month 1.14% 8.69%
Median 3 years 14.94% -0.37%
Median 5 years 29.2% -0.28%
10 years average annual 1.74% 0.39%
Weekly media advert. rent $780 $550
Time on Market 71.4 days 71.0 days
Gross Rental Yield Percent 4.58% 5.32%
demographics (median values)
Total Population
7266
Weekly Household Income
1144
Household Size
2.70
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Tradie

Dodgy ‘roof repairing’ conmen exploiting property owners

The Western Australian government has put out a call for WA property owners to watch out for roof repair conmen who are asking payment for w...

Aerial shot of suburbs

Property tax changes tipped to impact rental costs

Research from one of Australia’s largest housing building associations has modelled the impact of capital gains tax (CGT) and negative ge...

Quick tips for increasing borrowing power

Investors have no doubt found it difficult to navigate the lending landscape at the moment, so one broker shares a tip on how investors can ...

‘Cosmetically challenged properties’ offer opportunities to Sydney investors

Despite the softening of the Sydney property market, experts believe that the capital city continues to hold wealth-creation opportunities f...

Canberra

Canberra deemed Australia’s most liveable city by Australians

A new report has found that despite Melbourne’s history of being known as the world’s most liveable city for numerous years, Australia...

NSW

The policies impacting property in the NSW state election

Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...