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Benalla
AREA REPORTS

Benalla

Benalla - 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 14.79% for the past year.

Investors saw the median home price rise to $328,000.

Profits due to an upward trend in home prices in the suburb averaged 9.75% per annum over a 3-year period.

BENALLA now ranks at the 132nd 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 $340 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 77.9 days.

In 2016, 238 properties were sold in BENALLA during the past year, making it the 448th most active market in VIC based on total real estate transactions.

Data report can be found below

Benalla
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $328,000 $225,000
GROWTH REPORT
Median Quarterly 5.81% 5.39%
Median 12 month 14.79% 3.69%
Median 3 years 29.26% 23.29%
Median 5 years 47.09% 23.63%
10 years average annual 3.99% 2.35%
Weekly media advert. rent $340 $250
Time on Market 77.9 days 0.0 days
Gross Rental Yield Percent 5.39% 5.78%
demographics (median values)*
Total Population
10330
Weekly Household Income
905
Household Size
2.10
Age
49
Monthly Loan Repayment
1170
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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