Benalla Rural City, VIC

The Rural City of Benalla is a local government area in Victoria’s Hume region, in the state’s north-east corner. The local real estate market is considered to be affordable, making it a popular option for first home buyers and investors. The central location and infrastructure developments are also contributing to the market’s growth.

Show More

The economy of Benalla, Victoria is based largely on agriculture and tourism. The LGA is home to a number of agricultural businesses, including a large feedlot and a number of dairy farms. The area also has a number of tourist attractions, including a winery, a cheese factory, and a chocolate factory.

Managers account for 16.0 % of employment in Benalla, followed by technicians and trades workers at 15.6 %, professionals at 15.2 %, laborers at 13.2 %, and community and personal service workers at 11.5 %. In Benalla, the typical weekly personal income for residents aged 15 years and older is $537.

The majority of real estate in Benalla, Victoria is made up of detached houses on large blocks of land. There are also a number of apartments and townhouses available, as well as a small amount of commercial and industrial properties. In Benalla, 90.9 % of occupied private homes are detached houses, 1.2 % are semi-detached, row or terrace houses, townhouses, or other buildings, 6.8 % are flats or apartments, and 0.5 % are other housing.

If you’re thinking of investing in the Benalla property market, now is a good time to do so. Look for properties that are in high demand and have good potential for capital growth. Be prepared to compete with other buyers, as the market is becoming increasingly competitive.

Use the dashboard below to shortlist best suburbs for investment in Benalla LGA.

Show Less



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.

Sign up on the Starter Plan for 95¢

Subscribe to our newsletter and receive a $5 discount code to your verified email

No data
Loading…

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

No 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 Starter Plan to see Demand Profile data.
Demand chart
Upgrade to Starter Plan to see U|H and R|O data.
unit to houses pie charts
Renters to owners pie chart
Upgrade to Starter Plan to see IRSAD data.
IRSAD chart
Upgrade to Professional Plan to see Buy & Rent Search Index data.
Index chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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 Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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 Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Benalla Rural City, VIC

What other property markets are there near Benalla Rural City, VIC?

Benalla Rural City is surrounded by 4 other council areas – Greater Shepparton, Mansfield, Moira, Strathbogie.

How many people live in Benalla Rural City, VIC?

There are approximately14000 people living in roughly 7000 dwellings in total, with an average household size of 2.2.

What major retailers are there in Benalla Rural City, VIC?

The main retail centres are Horse Habits Benalla, Charlotte’s World Modern Cloth Nappies, Rambling Rose Gift & Home, The Reject Shop, Lucy Lu Boutique, Benalla Supermarket, Benalla Grocer.

What is the main industry in Benalla Rural City, VIC?

Such sectors as Health Care and Social Assistance, Agriculture, Forestry and Fishing, Retail Trade, Manufacturing make up the largest part of the employment.

What are the dominant demographic groups in Benalla Rural City, VIC?

Among approximately 14000 people in Benalla Rural City males and females make roughly 49% and 51% respectively. The median age of people is 49 years. Children aged 0-14 years account for approximately 16% of the population, and those aged 65+ years account for26 %.

How is unemployment rate trending in Benalla Rural City, VIC?

Among approximately 6000 people employed, roughly 54% work full-time, 34% work part-time, and an estimated 5% are unemployed.

Suburbs/localities in this Local Government Area: Abbeyard 3737, Harrietville 3741, Havilah 3737, KancoGlenrowan West 3675, Goomalibee 3673, Goorambat 3725, Lima 3673, Lima East 3673, Lurg 3673, Major Plains 3725, Molyullah 3673, Moorngag 3673, Mount Bruno 3675, Benalla 3672, Samaria 3673, Swanpool 3673, Taminick 3675, Tarnook 3670, Tatong 3673, Thoona 3726, Upper Ryans Creek 3673, Boho South 3669, Warrenbayne 3670, Winton 3673, Winton North 3673, Broken Creek 3673, Bungeet 3726, Bungeet West 3726, Chesney Vale 3725, Archerton 3723, Devenish 3726, Baddaginnie 3670

Leave a comment