AREA REPORTS

Benalla

Suburb Profile

Benalla - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3672

house
unit

BENALLA, 3672 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling BENALLA, 3672 values up and netting property investors a capital gain of 7.48% for the past year.

Investors saw the median home price rise to $255,000.

Profits due to an upward trend in home prices in the suburb averaged 4.61% per annum over a 3-year period.

BENALLA now ranks at the th 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 BENALLA 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 $280 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 BENALLA, homes and units usually stay on listing for an average of 97.3 days.

In 2016, 279 properties were sold in BENALLA during the past year, making it the 349th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $255,000 $210,000
GROWTH REPORT
Median Quarterly 0% 11.7%
Median 12 month 7.48% 17.98%
Median 3 years 13.84% 24.26%
Median 5 years 15.38% 9.95%
10 years average annual 1.61% 2.74%
Weekly media advert. rent $280 $220
Time on Market 97.3 days 136.4 days
Gross Rental Yield Percent 5.71% 5.45%
demographics (median values)
Total Population
10036
Weekly Household Income
728.3
Household Size
2.30
demographics
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