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.
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.
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.
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.
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.
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.
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.
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.
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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AUS Suburbs ( houses )
|Suburb||Bedrooms||Sales||Typical Price||typical_price||YoY Price Growth||Rentals||Rent||median_rent||YoY Rent Increase||Gross Yield||Capital Growth||Total ROI||Cashflow Increase||Rent Increase||Confidence||sort||Error Rate||Growth Rate||Discounting||DoM||DoRM||Vacancy Rate||Vacancies||SoM||SoM %||Buy SI||Rent SI||Inventory||R|O Ratio||U|H Ratio||U|HV Ratio||Clearence Rate||Hold Period||IRSAD||Population||Future Metric 3||Future Metric 4||sort_roi||sort_cg||low_range_cap_growth||high_range_cap_growth||low_range_roi||high_range_roi||Council Area|
Not sure what this data means? See HtAG Data Dictionary for guidance.
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Stock on Market
Days on Market
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Property Market in Benalla Rural City, VIC
There are approximately14000 people living in roughly 7000 dwellings in total, with an average household size of 2.2.
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.
Such sectors as Health Care and Social Assistance, Agriculture, Forestry and Fishing, Retail Trade, Manufacturing make up the largest part of the employment.
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 %.
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