Fraud Blocker

Benowa, QLD 4217

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Benowa, QLD 4217 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Benowa, QLD 4217”

  1. The total adult population (15 years or older) of Benowa 4217 QLD is 8,058, with a median age of 44. Of those, 53.40% are married, 12.47% are divorced or separated, 28.89% are single and 5.17% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,592. The median monthly mortgage repayment for households in this suburb is $2,167 which is 25.22% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the heart of Queensland, the suburb of BENOWA 4217 hosts an estimated 4552 households. As of Q3 2023, the real estate landscape presents itself as a prospective territory, with typical house prices averaging $1,466,622 AUD. These properties return a median weekly rent of $963, translating into an indicative yield of 3.41%. While this yield just surpasses the minimum 3% market requirement, investors oriented towards cashflow could find BENOWA promising.

    The socio-economic score of the locale stands at a firm 1053 out of 1217—a robust sign of the resident population’s monetary soundness and access to economic resources. A crucial determinant in the investment landscape, the renter to owner ratio, is at a favourable low of 21%, less than the ideal threshold of 30%. This lower ratio suggests fewer rentals saturating the market, leading to potential long-term returns and lesser competition for investors.

    In terms of housing inventory, the units to houses ratio is an encouraging 12%—significantly lower than the risky threshold of 50%. This implies that the property market is predominantly dominated by houses, ideal for families seeking long-term tenancy, which could reflect positively on rental yields.

    However, potential investors should approach the affordability index with caution as it tips on the higher end at 67 years, indicating a lower-affordability market for residences in the area. Supply in the housing market, measured via the stock on market Percentage, is at a neutral 0.57%. Simultaneously, the inventory level for houses has a favourable standing of 2.03 months of supply, reflecting the market’s efficient absorption of new property listings.

    Interestingly, the building approvals Ratio for houses is an optimally low 1.03%, suggesting limited forthcoming supply of new dwelling stocks—a favourable condition for the existing market. Nevertheless, the days on market for houses linger at 82, indicating a slightly sluggish buying activity and lesser demand.

    Factoring in the inherent rental demand, the combined vacancy rate for houses and units is a neutral 2.39%, possibly hinting at a healthy balance in rental supply and demand. The buy search index for houses is at an average level of 5, reaffirming a consistent interest in property buying in BENOWA.

    While BENOWA has certain features that are compelling for investment, a keen eye on the prevailing and upcoming market trends is key to profitable property investment. A handful of unfavourable metrics are no cause for alarm if most other prevalent indicators lean towards favourable conditions. The RCS developed by HtAG Analytics offers a comprehensive research platform that gauges over 80 metrics, enabling more informed decisions rooted in data and analytics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment