Banyule City, VIC

The City of Banyule is a local government area in the northeastern suburbs of Melbourne, Victoria, Australia. It was formed in 1994 as a result of a merger of previous councils under the Local Government Act 1989. It covers an area of 63 square kilometres (24.3 square miles) and is located between seven and twenty-one kilometres from downtown Melbourne.

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The City’s southern boundary is determined by the Yarra River, while its western border is defined by Darebin Creek. In 2017, the City relocated its headquarters from Ivanhoe to Greensborough. A completely new municipal centre was built, complete with three levels of offices for the Council’s 320 employees, as well as community and event spaces.

Professionals (30.2 %), Clerical and Administrative Workers (14.8 %), Managers (13.6 %), Technicians and Trades Workers (12.2 %), and Community and Personal Service Workers (10.1 %) are the most prevalent professions in Banyule.

In Banyule, the typical weekly personal income for residents aged 15 years and older is $728.

Of occupied private dwellings in Banyule (C) (Local Government Areas), 77.7% were separate houses, 15.7% were semi-detached, row or terrace houses, townhouses etc, 6.2% were flat or apartments and 0.1% were other dwellings.

In Banyule, 77.7 % of occupied private dwellings are detached houses, 15.7 % are semi-detached, row or terrace houses, townhouses, or similar structures, 6.2 % are flats or apartments, and 0.1 % are other dwellings.

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Capital Growth Heatmap

Property Market Snapshot

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

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

Property Market in Banyule City, VIC

What other property markets are there near Banyule City, VIC?

Banyule City is surrounded by 1 other council area – Whittlesea.

Suburbs/localities in this Local Government Area: Heidelberg 3084, Heidelberg Heights 3081, Heidelberg West 3081, Ivanhoe 3079, Ivanhoe East 3079, Lower Plenty 3093, Montmorency 3094, Rosanna 3084, Viewbank 3084, Watsonia 3087, Watsonia North 3087, Yallambie 3085, Bellfield 3081, St Helena 3088, Briar Hill 3088, Eaglemont 3084

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